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: 12-10-2024
Cir No 32/2024
To all the members
Re: Meeting with FM
As already informed, BMS had arranged 2 separate meetings with the FM Smt. Nirmala
Sitharaman ji on 10-10-2024 (which was first scheduled to be held in August). One was for
insurance industry and the other for banking industry unions of BMS. From insurance industry,
the all India General Secretaries of NOIP, NOINO, NOLIW, NOIDO, BLIAS, NOIFSE, NFGIE (New
India) and Surveyors’ union participated, led by BMS leaders, S/Shri. Surendran ji, Organising
Secretary, Girish Arya ji, Secretary & Financial Sector Incharge and Somesh Biswas ji, Deputy
Incharge, Insurance Sector. NOIP was represented by the undersigned.
The meeting scheduled for 5 pm on 10-10-2024, started at 5-15 pm and went on for an hour,
though the time slot was 45 minutes. Shri. M. Nagaraju, Secretary, FS was also in the meeting
with the FM.
Through out the session, Madam FM was receptive, attentive and highly interactive. From NOIP,
we had already mailed our letter dtd. 9-10-2024 addressed to the FM, the copy of which has
already been circulated.
At the outset, the under signed thanked the FM for having approved a good wage revision for in
service employees, increasing the rate of family pension to 30% of last basic drawn and said that
we are indebted for her act of benevolence, which was duly acknowledged by her with humility.
On the other hand, we drew her attention to the plight of senior citizens/pensioners and
requested for the early resolution of our pending issues including updation, saying that we are
at the mercy of the govt. FM appeared to be empathetic.
1) Detailed inputs were given by the u/s regarding the anomalous situation prevailing due to
non updation of pension for the last 37 years. We had already mailed a letter with anomaly
chart to the Secretary, FS. Madam got confirmed about the authenticity of our submission
and appeared to be empathetic with the cause of pensioners. During the last one month,
NOIP has visited the DFS for more than six times to liaison with the officials from Director to
the Section officer and providing relevant statistics, calculations to buttress our case
regarding updation. NOIP has succeeded in convincing the various authorities regarding the
dire need to update the pension. We sincerely feel that the ball is set into motion in a right
direction and we expect the desired resolution of the issue, sooner.
2) We also thanked Late Shri. Jaitley ji for having approved one more pension option for 28000
odd PF optees of LIC in 2019 and requested her to approve the pension option to the left
over engineers/ex servicemen and resigned PF optees (since in banks, agreement was
signed in 2023 for granting pension option to resigned employees). Altogether this number
may be about 200, we affirmed. We hope to get positive response in this regard due to our
persistent persuasion of the issue with her during the interaction.
3) Regarding the other 3 issues viz, 50% last pay as pension, increased pension to 80+ seniors
and double the family pension up to 67 years of age of deceased pensioner, we believe that
these issues are under active consideration of the DFS and urged for the earliest resolution
of the same.
The meeting was conducted in a very cordial manner. We thank the BMS leadership for
having facilitated such a nice interactive meeting with the FM that was long due and we
firmly believe that this meeting would pave way for the earliest resolution of our long
pending issues.
We assure that we would continue to continuously follow up the issues at DFS, until they
reach a logical conclusion.
With Dussehra greetings,
General Secretary
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