NOINO meets ED(P)

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A two member NOINO delegation consisting of Shri Ganesh Kamath, All India GS, NOINO & Shri Dattaraj Prabhukhanolkar, GS, NOINO, Mumbai met the Executive Director (Personnel) Smt D. Vijayalakshmi on 6th December 2010 and discussed the following issues:-
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1. Housing loan from LIC HFL: - We submitted a letter along with an Excel sheet containing specific examples to show how & where the employees across the country are suffering. We demanded that the Housing loan portfolio should be brought back to LIC. The letter has been published at the end of this circular. ED (P) assured to examine all the issues spelt out in the letter.
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2. One more pension option:- We reiterated our old demand of giving one more option to the existing employees who had not opted for it earlier. ED(P) was positive on this issue & said that the management is giving top priority to it.
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3. 5 days' week: - We reiterated our old demand of 5 days' week. ED (P) was not positive on this matter.
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4. Revision in Daily Allowance: - ED (P) said that the circular would be issued very soon.
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5. Revision in TE rules & incidentals:- ED(P) said that the management was working on the same & we could expect it in the near future.
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6. Revision in leave rules: - We had submitted a letter on this matter to the ED (P) on 26.11.2010 demanding Intervening holidays between CL not to be taken into account; Minimum PL to be reduced to 6 days instead of 7 days; Minimum leave of 15 days not to be made compulsory for Encashment of PL; HRA to be counted as part of salary while calculating Encashment of PL etc. ED (P) seemed to be positive on the demands regarding Encashment of PL.
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7. Transfer policy:- We urged the ED (P) to reconsider its present transfer/posting policy. We demanded that a one-day workshop should be held on this specific issue where NOINO could contribute with positive suggestions. ED(P) agreed to examine our demand.
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We are also publishing hereunder the letter submitted to ED (P) on the issue of Housing loan. You may recall that this issue was taken up with IT department on 13th November 2010.

Ganesh Kamath
GS, NOINO
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6.12.2010.
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The Executive Director (Personnel),
L.I.C. of India.
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Respected Madam,
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Re: Problems of Housing loan from LICHFL

The portfolio of Housing loan to employees of LIC has been transferred to LIC HFL since long. At that time, we had expressed our apprehensions about the smooth transition. Our fears have come true. Even after a long period, there are a lot of problems & hence there are lots of angry & frustrated responses from all over the country. We had called for the feedbacks from the employees & we have been overwhelmed by the mails we are receiving. We are also separately taking up this issue with HPF. We have attached some specific examples in an Excel sheet to give you an idea of the problems faced by the employees all over the country. We are summarizing the responses as under:-
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1. Callous & casual approach of the HFL officials:- This has been reported from all over the country.
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2. Requirements asked again & again :- Original documents are asked again & again. Further, requirements are not asked at a single stroke. Once some requirements are submitted, again some more are asked.
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3. Subsidy not received:- The full loan amount is charged at HFL rate. The employees are not getting the benefit of the subsidy. The loans disbursed earlier have also not been converted to cadre loan. Salary deductions have not started.
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4. Delay in sanctioning of loan:- There is a delay in sanctioning of loans in many offices. There is no designated person to attend LIC employees. Due to delay in sanctioning of loan, some employees had to pay interest to the builder while some had to give up purchasing the flat & look elsewhere for loan.
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5. Location of HFL offices :- In many places, HFL offices are located far away from the office/residence of the employee & hence they have to spend money/leave for the loan.
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6. Valuation of perquisites :- The valuation of perquisites has not been completed by many Divisions. The employees are in a limbo as to whether they will receive the provisional certificates for Income-tax or not.
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7. Difference in procedures & rules of HFL & LIC HPF :- This has led to utter chaos. To quote only two examples of the countless ones, HFL is not creating two separate accounts for husband & wife working in LIC, not allowing separate deduction, thus causing problems for claiming income-tax rebate. The restriction of loan only up to 85% of the estimate by HFL has also deprived the employees the benefit of increase in Housing loan.
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In view of the above, NOINO demands that either the above issues should be set right within the shortest possible time OR bring back the Housing loan portfolio back to LIC from HFL. The second option would be the most prudent decision as this is the overwhelming feeling of majority of employees.
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Yours faithfully,
Sd/-
Ganesh Kamath
GS, NOINO
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