Letter to BS: Unfair to discriminate between govt and LIC pensioners

LIC pensioners have been fighting their cases for over 20 years

Successive governments at the Centre have been non-responsive towards the demands of the pensioners of financial institutions, in particular, public sector banks and the likes of LIC and GIC. True, the financial position of banks has worsened over the last few years but that is because of political interference, wilful default by big borrowers and a small group of corrupt officials. But this should not become the reason to deny pensioners full dearness relief and upgrade to their pension. The quantum of pension fund of banks and other institutions, built over the years, is sound to meet all the past,