letter to gurudas dasgupta on Pension issue - oicoa
letter to gurudas dasgupta on Pension issue - oicoa
letter to gurudas dasgupta on Pension issue - oicoa
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THE ORIENTAL INSURANCE COMPANY OFFICERS ASSOCIATION<br />
(Central Committee)<br />
Regn. No. 2916/CNI<br />
(AFFILIATED TO THE NATIONAL CONFEDERATION OF GENERAL INSURANCE OFFICERS' ASSOCIATIONS)<br />
OICOA/CC/GS/2010/L/037<br />
29 th July'2010<br />
Shri Gurudas Dasgupta,<br />
H<strong>on</strong>ourable Member of Parliament,<br />
New Delhi 110001<br />
Respected Sir,<br />
Sub: Request for your kind interventi<strong>on</strong> in the matter of Another Opti<strong>on</strong> for Pensi<strong>on</strong> for<br />
Officers & employees of Public sec<str<strong>on</strong>g>to</str<strong>on</strong>g>r General Insurance Companies<br />
We would like <str<strong>on</strong>g>to</str<strong>on</strong>g> introduce ourselves as a resp<strong>on</strong>sible and <strong>on</strong>ly checked off associati<strong>on</strong> of<br />
Class-1 officers in “The Oriental Insurance Company Limited” c<strong>on</strong>tinuously since beginning. We<br />
are <strong>on</strong>e of the four affiliate unit of The Nati<strong>on</strong>al C<strong>on</strong>federati<strong>on</strong> of General Insurance<br />
Officers Associati<strong>on</strong>s. All the four affiliate units of NCGIOA are the <strong>on</strong>ly checked Off<br />
Officers Associati<strong>on</strong>s in the four PSU General Insurance Companies. Undersigned represents<br />
OICOA as the General Secretary & NCGIOA as Additi<strong>on</strong>al Secretary General.<br />
Sir we are compelled <str<strong>on</strong>g>to</str<strong>on</strong>g> write <str<strong>on</strong>g>to</str<strong>on</strong>g> you <strong>on</strong> the above <strong>issue</strong> of Another Opti<strong>on</strong> for Pensi<strong>on</strong> which is<br />
lying pending with GIPSA Management for quite l<strong>on</strong>g. Sir, Employees of n<strong>on</strong>-life PSU<br />
companies have been asking for another opti<strong>on</strong> for Pensi<strong>on</strong> for the last 2 years but<br />
Management of these companies is not in a mood <str<strong>on</strong>g>to</str<strong>on</strong>g> listen <str<strong>on</strong>g>to</str<strong>on</strong>g> their genuine demands. They<br />
always tell us that though they agree <str<strong>on</strong>g>to</str<strong>on</strong>g> our genuine demand but our Companies may not be<br />
able <str<strong>on</strong>g>to</str<strong>on</strong>g> absorb the load . Sir, unless we escalated the <strong>issue</strong> of another Opti<strong>on</strong> for Pensi<strong>on</strong> in<br />
PSU Insurance Industry in Oc<str<strong>on</strong>g>to</str<strong>on</strong>g>ber'2009, GIPSA even did not bothered <str<strong>on</strong>g>to</str<strong>on</strong>g> discuss the matter<br />
with the Associati<strong>on</strong>s. It is <strong>on</strong>ly after our escalating the matter that GIPSA formally<br />
discussed with us about the nitty gritties of another Opti<strong>on</strong> of Pensi<strong>on</strong> in PSU GI Companies<br />
during 5 th round. Sir, when the Pensi<strong>on</strong> is offered <str<strong>on</strong>g>to</str<strong>on</strong>g> Banking sec<str<strong>on</strong>g>to</str<strong>on</strong>g>r and even for Un-organised<br />
Sec<str<strong>on</strong>g>to</str<strong>on</strong>g>r, GIPSA is not interested <str<strong>on</strong>g>to</str<strong>on</strong>g> extend the same scheme of 1995 <str<strong>on</strong>g>to</str<strong>on</strong>g> the remaining 15,000<br />
employees who could not opt in the initial stage. Sir, in LIC already more than 90% of the<br />
Employees are having the Pensi<strong>on</strong> but in N<strong>on</strong>-Life Companies <strong>on</strong>ly 75% are having the Pensi<strong>on</strong><br />
Opti<strong>on</strong>. In the larger interest of the Social Security another Opti<strong>on</strong> for Pensi<strong>on</strong> may kindly be<br />
offered <str<strong>on</strong>g>to</str<strong>on</strong>g> the remaining 25% Employees. When All the four General Insurance Companies<br />
have already generated a net Profit of about Rs. 1500 Crores for the year 2009-10, an amount<br />
of about Rs. 300-400 Crores investment in Human Resources for the Social Security cause<br />
ADD R E S S: web www.<strong>oicoa</strong>.net e-mail: viveksaxena@orientalinsurance.co.in ; wewakesaxena@gmail.com<br />
Office: C/O IT Dept., 2 nd Floor, Oriental House, The Oriental Insurance Co. Ltd., Head Office, New Delhi – 110002<br />
Cell - 09871278625; LL 011-43659216 (Off) ; FAX – 23269087 (C/O DGM – IT)<br />
Associati<strong>on</strong> Office: 2 nd Floor, Mittal Building, 4/12, Asaf Ali Road, New Delhi - 110002 Ph<strong>on</strong>e: 011-23268595
THE ORIENTAL INSURANCE COMPANY OFFICERS ASSOCIATION<br />
(Central Committee)<br />
Regn. No. 2916/CNI<br />
(AFFILIATED TO THE NATIONAL CONFEDERATION OF GENERAL INSURANCE OFFICERS' ASSOCIATIONS)<br />
should not be an <strong>issue</strong>. We have already c<strong>on</strong>sulted an Actuary & the figures presented are<br />
based <strong>on</strong> Acturial calculati<strong>on</strong>s. Sir, your good self has always s<str<strong>on</strong>g>to</str<strong>on</strong>g>od for Social Security of not<br />
<strong>on</strong>ly for the employees of Govt./ PSU companies but also for un-organised sec<str<strong>on</strong>g>to</str<strong>on</strong>g>r and it has<br />
been part of your Electi<strong>on</strong> manifes<str<strong>on</strong>g>to</str<strong>on</strong>g> also.<br />
We are really perturbed with the attitude of GIPSA Management <strong>on</strong> the <strong>issue</strong> of Pensi<strong>on</strong>. We<br />
are fortunate <str<strong>on</strong>g>to</str<strong>on</strong>g> have a Member of Parliament of your stature and would request your kind<br />
interventi<strong>on</strong> in this matter keeping in view the above menti<strong>on</strong>ed facts <str<strong>on</strong>g>to</str<strong>on</strong>g> ensure another<br />
Opti<strong>on</strong> for Pensi<strong>on</strong> for PSU insurance employees is offered by GIPSA Management.<br />
Thanking you,<br />
Yours faithfully,<br />
(VIVEK SAXENA)<br />
GENERAL SECRETARY<br />
ADD R E S S: web www.<strong>oicoa</strong>.net e-mail: viveksaxena@orientalinsurance.co.in ; wewakesaxena@gmail.com<br />
Office: C/O IT Dept., 2 nd Floor, Oriental House, The Oriental Insurance Co. Ltd., Head Office, New Delhi – 110002<br />
Cell - 09871278625; LL 011-43659216 (Off) ; FAX – 23269087 (C/O DGM – IT)<br />
Associati<strong>on</strong> Office: 2 nd Floor, Mittal Building, 4/12, Asaf Ali Road, New Delhi - 110002 Ph<strong>on</strong>e: 011-23268595