Leave Travel Concession
We have been representing for the past few years for improvements in LTC scheme and also for introduction of encashment benefit. We have held a number of discussions with officials of central office on this issue. We have been assured that LIC is working out to bring about the improvements in LTC including the introduction of encashment facility.
Unfortunately, we have come across a circular issued by central office ref CO/PER/ER-A/070/2014 dated 12.05.2014 withdrawing some existing benefits in LTC, like travel to foreign destination and clause 8(iv) of LTC instructions,1994.
The curtailment of existing benefits disappointed all the employees at a time when employees are seeking improvements and relaxation of rules in LTC scheme.
We, therefore, request your intervention in restoring the existing benefits by withdrawing the CO circular mentioned above. We also hope that you will initiate the process for improvements in LTC scheme as being demanded by us.
(Please download the attachment - a letter addressed to Chairman of LIC on LTC Scheme.)