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. Tel.: 020-24454040
President: T.C. Guneshkumar Working President: Vilas V. Purkar General Secretary: Ashok J. Joshi
Mob No: 9880683639 Mob No: 9922166599 Mob No: 9561084182 & 9945104570
Date: 24-09-2022
Smt.Nirmala Sitharaman ji,
Honourable Minister for Finance,
Govt of India, North Block,
New Delhi
Respected Madam,
Sub: Pension Revision on OROP basis and related issues of Pensioners of LIC.
This has reference to our earlier letters dtd.15-6-2019, 02-01-2020, 19-07-2020, 7-10-2020, 17-4-2021,
08-06-2021, 1-10-2021, 20-10-2021 & 23-11-2021 regarding the captioned subject. We are sorry to note
that there is no response from your Ministry. Since the said matters are pending for satisfactory
resolution for decades, we request your personal intervention in the matter. We iterate the issues here
below in short for your ready reference.
1) Pension Revision and Pension related issues
A) Revision of pension with every wage revision of in-service employees- Pension has not
been revised right from 1-8-1987 creating a huge difference in the gross pension of
those retired soon after 1987 and those retiring now. Hence there is a dire need to
revise the pension on OROP (One Rank One Pension) basis.
B) Revision of Family Pension- Same is the predicament of family pensioners. Request for
revising the family pension at 30% of the last pay drawn by the retiring employee,
without any ceiling.
C) Computation of Basic pension- To obviate the faulty and anomalous method of
computing the pension, we request for the amendment “50% of last 10 months’ average
pay or 50% of latest revised pay at the time of retirement, whichever is favourable to
the retiring employee.
D) Enhanced pension to super senior pensioners- Increased pension of 20%,…..100% to
those who are 80 years and above.
E) OMOP (One More Pension Option)- Less than 100 PF Optees (Direct recruit
Superintending Engineers and ex-servicemen, appointed in 1995-1997) have been
denied one more option of pension in 2019. We request for approval to offer pension
option to these hapless retirees, too.
(F) Full pension for service of 20 years or more- Full pension to be given to all those who
complete the service of 20 years or more, analogous to RBI pensioners.
(G) OMOP (One More Pension Option) to those retirees of less than 55 years of age- Due
to a funny provision in LIC of India (Staff Regulations) 1960, a very few retirees were not
given OMOP option though they had completed 20-36 years of service, simply because
they took voluntary retirement before the completion of 55 years of age. When LIC
Employees’ Pension Rules provide pension to all those who complete 20 years’ service,
equitability demands that these left-over retirees deserve a fair treatment and they
also, may please be offered OMOP.
(H) Increased Family pension in case pensioner dies before 67 age- In the event of an
unfortunate death of an employee or pensioner before the age of 65 yrs, the relevant
rule should be amended as “Double the normal family pension or 50% of the last pay
drawn, whichever is less, payable for 7 years or till the employee or pensioner would
have attained the age of 67 instead of 65 years”. This age limit was fixed when the
retirement age was 58 years. Hence it requires to be increased to age 67 years
immediately. Your intervention in the matter is requested.
We reliably learn that B, C, D & E above have already been recommended to you 3 years
back for your kind approval.
Hence, we implore upon you to give your accord to all the above pending issues at A to H,
since all of them are inter related to pension anomalies; so that further anomalies should
not crop up. If all the eight issues are approved as a package and accordingly if LIC Pension
Rules are amended to that effect, the LIC pensioners would remember you forever for your
said kind gesture.
With thanks and regards,
Yours Sincerely,
General Secretary