Eventhough the subscription is being recovered at different rates depending on the last pay drawn i.e., ranging from 10,000 to 40,000 in the present scales, the reibursement being extended is the same for all the retirees i.e., 1,00,000 irrespective of the subscription recovered. It is not understood the reasonableness behind recovering subscription at different rates and extending benefit equally.
In my view instead of allowing the reimbursemt of 1,00,000 for all employees , it shall be more reasonable if the reimbursemt is 10 times of the subscription of the employee in other words if the subscription recovered is 20,000 the reimbursemt should be 2,00,000 per year and if it is 30,000 per year it should be 3,00,000 instead of present flat rate for all the employees as is being followed now.
I request FCIOA to examine and if found point please take up with the Management for the welfare of retired employees