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: 12-09-2024
Cir No 26/2024
Shri. Nagaraju Maddirala,
Secretary, DFS,
Jeevan Deep Bldg,
Parliament Road, New Delh
Respected Sir,
Re : Revision of Pension for LIC Pensioners.
This is further to our letter dtd 1-9-2024 handed over in person to the Director, Insurance on
11-09-2024.
LIC Employees’Pension Rules, 1995 were promulgated by means of a Gazette Notification
by Government of India on 28-06-1995. These Rules were based on the then prevailing CCS
(Pension) Rules, 1972 and CCS (Commutation of Pension) Rules, 1981. All Employees retired on
or after 01-01-1986 were allowed to exercise an option to join the Scheme on certain terms and
conditions. The rules were made effective from 01-11-1993.
Even for Central Govt Pensioners the Revision of Pension came only by the
recommendations of V CPC submitted in 1997 and accepted by GOI and implemented wef 01-01-
1996. However, the Pension Revision was done by GOI by issuing OM. This method of
Revision of Pension by issuing OM continued till CCS (Pension) Rules, 1972 were withdrawn
by bringing in CCS (Pension) Rules, 2021. It is in this CCS (Pension) Rules, 2021 that
Revision of Pension was incorporated under Rule 66.
Since at the time of promulgation of LIC Employees’ Pension Rules, 1995, there was NO
Pension Revision for CG Pensioners also. Hence, LIC Pensioners missed out on Pension Revision
right from 1993 till date though 8 rounds of wage revision have been completed.
The effect of no Pension Revision in LIC has resulted into EIGHT groups of Pensioners
viz.
Group Which Retirees are covered.
Group 1 Retired from 01-01-1986 to 31-07-1992
Group 2 Retired between 01-08-1992 to 31-07-1997
Group 3 Retired between 01-08-1997 to 31-07-2002
Group 4 Retired between 01-08-2002 to 31-07-2007
Group 5 Retired between 01-08-2007 to 31-07-2012
Group 6 Retired between 01-08-2012 to 31-07-2017
Group 7 Retired between 01-08-2017 to 31-07-2022
Group 8 Retired on or after 01-08-2022 onwards.
The effect of these Groups is that the Basic Pension, the DR rate per Slab, the DR Slabs
and Gross Pension drawn by the Pensioners retired in the same Cadre vary widely. We are
enclosing herewith a Statement of Monthly loss suffered by earlier Pensioners as compared to
present generation of Pensioners ie Group 8 Pensioners.
We here below present an example out of the Statement attached to bring home the injustice
suffered for the last 30 years by founding fathers of LIC after their retirement, because of NON
REVISION OF PENSION since inception of the Scheme.
Basic Pension DR rate/Slab Slabs DR payable Gross Pension Loss
Retired Executive Director Group 1
Rs.3,500/- Rs.16.08 2154 Rs.34,636/- Rs.38,136/- Rs.1,30,259/-
Retired Executive Director Group 2
Rs.7,000/- Rs.19.85 2017 Rs.40,037/- Rs.47,037/- Rs.1,21,358/-
Retired Executive Director Group 3
Rs.11,800/- Rs.27.14 1869 Rs.50,725/- Rs.62,525/- Rs.1,05,871/-
Retired Executive Director Group 4
Rs.17,553/- 31.5954 1722 Rs.54,407/- Rs.71,960/- Rs.96,435/-
Retired Executive Director Group 5
Rs.29,075/- 43.6125 1568 Rs.68,384/- Rs.97,459/- Rs.70,936/-
Retired Executive Director Group 6
Rs.55,618/- 55.618 1127 Rs.62,681/- Rs.1,18,299/- Rs.50,096/-
Retired Executive Director Group 7
Rs.91,250/- 73.000 716 Rs.52,268/- Rs.1,43,518/- Rs.24,878/-
Retired Executive Director Group 8
Rs.1,51,163/- Rs.90.6978 190 Rs.17,233/- Rs.1,68,396/- NIL
RETIRED DRIVER IN GROUP 8
Basic Pension DR rate/slab D R Slabs DR payable Gross Pension
Rs.35,745/- Rs.21.447 190 Rs.4,075/- Rs.39,820/-
It is evident from the above Charts that a Retired ED of Group 1 receives less pension of
Rs.1,30,259/- as compared present retired ED.
A retired Driver now receives more Pension than the Retired ED of Group 1.
Similar anomaly exists for all Cadres – within the Cadre and compared to lower Cadres.
The only solution to bring down this anomaly is to Revise Pension with each Wage
Revision of In-service employees.
We are bringing this Anomalous condition about our Pension Scheme to your knowledge
hoping that some solution will be found out in the form of Pension revision with every Wage
Revision for in-service employees of LIC.
The detailed anomaly chart as on 01-08-2024, cadre wise from Executive Director to Sweeper, is
enclosed here with for your ready reference. Just a glance at the said chart gives the idea about the
greatest anomaly in the gross pensions, for not having revised the pension ever since 01-08-1987.
With thanks and regards,
Encl: As above
Yours Sincerely,
General Secretary
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