HC directs LIC to improve pension

Rajasthan High Court today directed the Life Insurance Corporation (LIC) of India to execute a decision by its board to revise the pension and DA payable to its retired employees in peace with successive revisons of the payscales of its in-service staff since 1986.

A single judge bench of Justice Munishwar Nath Bhandari of the high court asked the LIC to take instant steps for accomplishment of a 2001 resolution of its board by which it had decided to revise the pension and DA of its retired employees equivalent to the revisions of the payscales of its in-service staff hat took place in 1986, 1993, 1997 and 2002.

The court's order came on the petition of Krishan Murari Lal Asthan, the General Secretary of the Retired Employees Federation Association of LIC.

 

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