I am an ex-employee of Life Insurance Corporation of India [LIC]. I resigned LIC in Feb 2010 and joined Insurance Regulatory & Development Authority [IRDA}. Wage revision was due in LIC since 1.8.2007. Now it has been finalised and notified in the gazette vide 08.10.2010. I have attached the gazette copy.
In that it is mentioned that those employees who have resigned between 1.8.07 to 8.10.2010 [both days inclusive] are not eligible for arrears and gratuity. Pl refer page no 2 of the attached file.
Since I was an employee of LIC during that period and have sincerely worked then why such clause has been put to deny my rights. After all its our hard work for which we are asking the arrears, which is being given to all other regular employees. Just because we have resigned, they cannot deny our rights. We are group of 10 ex-lic people in IRDA who are put to hardship because of this clause.
What are the methods available to us to claim our rights? Since the wage revision is notified in the gazette, is there any method to get our arrears without resorting to legal methods? And if we have to resort legally, which court is the fastest one like labour court, lok adalat, etc. Kindly guide us. Thanks