The Rajasthan high court has come down heavily on the "inaction" of the Life

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Insurance Corporation of India (LIC) for not adhering to its board resolution to pay equal pension to all the retirees across the country irrespective of their date of retirement.

The division bench of Justices Dalip Singh and Mahesh Bhagwati directed LIC to give effect to its board decision dated November 24, 2001 to revise the pension and Dearness allowance ( DA) payable to its retired employees corresponding to the successive revisions of the pay scales that took place in 1986, 1993, 1997, 2002 and 2007 respectively.

The court verdict is bound to effect thousands of retired personals of LIC across the country.