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 General Secretary: Ashok J. Joshi
Mob No: 9880683639 Mob No: 9561084182 & 9945104570
Date: 22-08-2024
Cir No 23/2024
The Chief Executive Officer & MD,
LIC of India, Central Office,
“Yogakshema”, MUMBAI.
Respected Sir,
Re: Pending issues and gentle reminder
This is further to our various earlier letters in respect of the following issues and implore upon you
to refer the cases to DFS for further action, in addition to the pension related other issues already
referred to DFS.
1) NOIP’s charter of demands dtd 01-10-2022. It was submitted to the then MD Shri.
Patnaik ji on 19-10-2022. Also, the Deputy Chief Labour Commissioner, Bhubaneshwar,
after a conciliation proceedings with NOIP & LIC, had ordered the charter of demands of
NOIP to be referred to DFS for further action. Charter of demands include inter alia, request
for commutation period to be reduced to 10 years from the present 15 years in view of
falling interest rates, in addition to various other demands. Some of the State Govts have
reduced the commutation period to 12/13 years. Punjab & Haryana HC has given interim
stay for recovering commuted portion for the pensioners aged 70 and above.
In view of these latest developments, we request you to recommend reduction in
commutation period to 10 years, to DFS for their consideration and approval, in addition to
other issues contained in our charter.
2) OMOP (One more pension option) to resignees- Please refer to our latest letter dtd.
10-11-2023 addressed to the MD, requesting to offer OMOP to the resignees of LIC, since
the said benefit has been extended to the resignees of Public Sector Banks, through the
MOU signed by IBA with UFBU in November 2023 and the accord thereof has been given
by the DFS. As such, we urge you to recommend the same benefit to resignees of LIC,
whose number is miniscule, to the DFS for their consideration.
3) OMOP to left over ex servicemen and directly recruited engineers- We have written
innumerable letters to you requesting for grant of OMOP to these left-over retirees who are
less than 100 in number. It was informed to us that DFS has declined the same. We request
you to re-refer this case to DFS, so that NOIP/BMS can pursue the matter at DFS.
4) In addition to the above, updation of pension, increased pension to 80+ seniors, Double the
family pension up to 67 years in respect of early death of pensioner, 50% of last drawn pay
as pension, full pension to those with 20 years or more service, consideration of ADO’s
period for gratuity and pension in respect of DOs, one time ex gratia to the left-over
pensioners of age 60 to 69 etc.
BMS delegation is likely to meet the FM in September 2024, for discussing pending issues of
BMS unions including those pertaining to LIC pensioners.
Hence, we appeal to you earnestly to refer/re-refer all the issues to DFS and oblige.
With thanks and regards,
Yours Sincerely,
General Secretary
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