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TEN REASONS TO JOIN “NOIP”

1. National Organisation of Insurance Pensioners is the only pensioners' organisation registered under the Indian Trade Union Act, 1926....

Tuesday, July 25, 2023

NOIP Circular No 22

NATIONAL ORGANISATION OF INSURANCE PENSIONERS

Regn No.PN 4769 (Regd under Indian T U Act, 1926)

(Affiliated to Bharateeya Mazdoor Sangh)

BMS Office, Vishwakarma Bhavan, 185, Shaniwar Peth, Pune 411030. 

 President: T.C. Gunesh Kumar Working President: Vilas V. Purkar General Secretary: Ashok J. Joshi

 Mob No: 9880683639 Mob No: 9922166599 Mob No: 9561084182 & 9945104570 

Date: 25-07-2023

Cir No 22/2023

The Chairperson,

L I C of India, Central Office,

“Yogakshema”, Jeevan Bima Marg,

MUMBAI

Dear Sir,

Re: Pending pension related issues

This is further to our various letters regarding the captioned matter. It is a matter of great concern that 

till date notification for family pension enhancement has not been notified. We had met the Joint 

Secretary (Insc) on 02-03-2023 and again on 12-07-2023 under the leadership of BMS, Central Office to 

follow up the pending pension related issues at the DFS.

It is note worthy that the pensioners/family pensioners of RBI got the second updation of pension as on 

1-11-2017; and 2 days back pensioners and family pensioners of NABARD got the updation -first one 

effective from 1-3-2019 and second one effective from 12-6-2023.

The efforts are afoot to consider the pension updation for the pensioners of PSU Banks, since the high-

powered committee is formed by the finance minister to deal with the issue, giving deadline for the 

submission of report.

As such, we urge upon you- to recommend 1) the updation of pension and family pension, if not done 

already, 2) full pension for 20 years’ service, 3) pension option for resignees (whose number may be less 

than 1000 to the DFS. We also implore upon you to pressurize the DFS for granting their immediate 

approval for other pending issues (supposedly recommended by the LIC) such as -1) One more pension 

option to the few left over cases of ex-servicemen and directly recruited SEs, 2) Computation of pension 

at the rate of 50% of revised basic at the time of retirement, 3) Increased pension to those aged 80+ , 4) 

Double the family pension up to age 67 yrs, in case of death of the pensioner & 5) Enhancement of 

family pension to 30% of last pay drawn without ceiling.

It is to be seriously taken note of, that pensioners/family pensioners have become impatient, having no 

mood to wait any further.

Now the atmosphere is conducive, since the finance ministry has approved pension updation to the 

pensioners in the financial sector. Hence, we entreat upon you to vigourously take up the matter with 

the DFS, to get their accord to all the 8 pension related issues referred to hereinabove.

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