Status: Closed — this petition is no longer accepting signatures.
Final supporters
To
Alastair Marsh,
CEO, Lloyd’s Register,
London
Dear Sir,
This petition, is an appeal to you, the CEO of Lloyd’s Register, from around 60+pensioners from India who have been greatly inconvenienced by the abrupt and uninformed change in medical insurance scheme since Feb 2018. This has affected us financially, created stress and anxiety during the twilight years.
We had, in the past, expressed our anguish and concerns at the unilateral change in terms of coverage, during the advanced years of our life. Our cumulative wisdom failed to understand the nuances of the scheme. Is it aimed at savings accrual to LR? Is it not oppressing, when the savings to LR was perpetrated by passing the financial liability on individual pensioner? Where is equal opportunity and rights, the purpose of service for the benefit of the society, in this action?
Overall, we have not understood what purpose it serves. Given that all future retirees (read current employees) have been moved out of medical insurance on retirement, citing policy changes; this expense is definitely not future additive. The existing employees have some advantage to look for alternative insurance while still earning at LR. But what about the pensioners? Their pensions are frugal and their numbers can only decline with the coming years; reducing the financial outgo for LR. Why are we being constantly reminded that policy changes are discretion of LR management? It’s like pulling the rug below our feet. We are wobbly anyway – so why hit us hard?
These pensioners were active surveyors and staff of LR in various capacity across the globe building LR’s 259 years of business. Their cumulative serving years are many times the 259 years of LR history. Post retirement, medical insurance is the only safety net that we have. We are still a part of the society, forums, fraternity gatherings and those lucky, in advisory capacity of corporates. The anxiety in us are detectable to the world around us. But we are too proud of our LR heritage to admit the misery we have been thrust into, by the parent LR itself.
It has been more than one year that a few of us have highlighted the issues to various levels of management in LR without any resolve. Updates till date,have been limited to only extension of this unfavorable situation, citing reasons like - consideration by executive team, consultation with insurance company and policy changes; but no assurance about the direction this is going. A few anxious pensioners met the current India representative, HR and Finance manager in Mumbai office on 15th May. Though they sympathized with us, they couldn’t allay the concerns. So, we chose to approach you as the chief of the executive team to consider the grave anxiety thrust upon the pensioners.
We are being repeatedly reminded of HR policy changes in line with current conditions. However, we – the architects of many achievements for LR, know that retirement benefits were factored in as a part of cost to the company during our years in service.
We appeal to you for favorable consideration to resolve this long drawn crisis by influencing the decision makers to help the pensioners walk peacefully into the sunset.
Regards,
The LR India Pensioners (as individually signed below)
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Updates
May 3, 2019
The momentum behind this appeal has grown significantly in recent days. I appreciate the resolve demonstrated by everyone who has joined this effort to address our medical insurance concerns. This progress confirms that our collective call for accountability resonates with many.
17 Comments
I hope LR will reconsider their decision to dilute medical insurance terms. New terms will hurt pensioners badly in the circumstances.
I served LR for 33 years with pride in the knowledge that the organisation stood for integrity and credibility in the Industry. I left no stone unturned in propagating this aspect at every level of interaction with clients. I am stunned to learn that Regional Management has surreptitiously changed the terms of medical insurance without even taking the retirees into confidence? This is nothing short of “Breach of Trust”. The Regional Management can not be allowed to take such steps which will ultimately hurt LR REPUTATION as injustices of this sort sooner or later do come to the knowledge of Industry leaders.
The memorandum of settlement signed by me and LR on 26/7/2016 clearly mentions the post retirement benefit " Mediclaim Hospitalisation Insurance" for me and my spouse after retirement would be ₹750000 and no where it has been mentioned of co-payment nor about LR retaining the right to change the policy.
For an organization that has prided itself on its values, which once believed in the tag line ’Life Matters’ , don’t know now what compulsions have forced the decision makers to take these decisions on us. As CEO of the organization, you will understand that LR’s long history has been built on its values, principles, by adding value to society, not just making temporal monetary savings. We collectively are still true ambassadors of the organization and having lived its values, are the face of LR. While we wish LR a glorious future, what we certainly would not like to see is an erosion of the values it was built on.
Pension received is not sufficient to care of my medical expenses. As you are well aware I have a special child to take care.
I agree with you all that reduction in Medical Benefit should be abolished. Please take it up with the CEO of LR. I may add here that LR has always looked after the staff. I feel proud to have worked for LR.
While I am in possession of the proposed (Adopted?) changes in the personal insurance policies of general pensioners, I would agree to the contents of the message in overall situation. I wonder though, if an individual pensioner can comment on the LR’s financial responsibilities in the absence of any concrete data in this regard.
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Status: Closed — this petition is no longer accepting signatures.
Final supporters
To
Alastair Marsh,
CEO, Lloyd’s Register,
London
Dear Sir,
This petition, is an appeal to you, the CEO of Lloyd’s Register, from around 60+pensioners from India who have been greatly inconvenienced by the abrupt and uninformed change in medical insurance scheme since Feb 2018. This has affected us financially, created stress and anxiety during the twilight years.
We had, in the past, expressed our anguish and concerns at the unilateral change in terms of coverage, during the advanced years of our life. Our cumulative wisdom failed to understand the nuances of the scheme. Is it aimed at savings accrual to LR? Is it not oppressing, when the savings to LR was perpetrated by passing the financial liability on individual pensioner? Where is equal opportunity and rights, the purpose of service for the benefit of the society, in this action?
Overall, we have not understood what purpose it serves. Given that all future retirees (read current employees) have been moved out of medical insurance on retirement, citing policy changes; this expense is definitely not future additive. The existing employees have some advantage to look for alternative insurance while still earning at LR. But what about the pensioners? Their pensions are frugal and their numbers can only decline with the coming years; reducing the financial outgo for LR. Why are we being constantly reminded that policy changes are discretion of LR management? It’s like pulling the rug below our feet. We are wobbly anyway – so why hit us hard?
These pensioners were active surveyors and staff of LR in various capacity across the globe building LR’s 259 years of business. Their cumulative serving years are many times the 259 years of LR history. Post retirement, medical insurance is the only safety net that we have. We are still a part of the society, forums, fraternity gatherings and those lucky, in advisory capacity of corporates. The anxiety in us are detectable to the world around us. But we are too proud of our LR heritage to admit the misery we have been thrust into, by the parent LR itself.
It has been more than one year that a few of us have highlighted the issues to various levels of management in LR without any resolve. Updates till date,have been limited to only extension of this unfavorable situation, citing reasons like - consideration by executive team, consultation with insurance company and policy changes; but no assurance about the direction this is going. A few anxious pensioners met the current India representative, HR and Finance manager in Mumbai office on 15th May. Though they sympathized with us, they couldn’t allay the concerns. So, we chose to approach you as the chief of the executive team to consider the grave anxiety thrust upon the pensioners.
We are being repeatedly reminded of HR policy changes in line with current conditions. However, we – the architects of many achievements for LR, know that retirement benefits were factored in as a part of cost to the company during our years in service.
We appeal to you for favorable consideration to resolve this long drawn crisis by influencing the decision makers to help the pensioners walk peacefully into the sunset.
Regards,
The LR India Pensioners (as individually signed below)
Updates
May 3, 2019
The momentum behind this appeal has grown significantly in recent days. I appreciate the resolve demonstrated by everyone who has joined this effort to address our medical insurance concerns. This progress confirms that our collective call for accountability resonates with many.
17 Comments
Grossly unfair to burden the pensioners at their time of need - not expected from LR
I hope LR will reconsider their decision to dilute medical insurance terms. New terms will hurt pensioners badly in the circumstances.
I served LR for 33 years with pride in the knowledge that the organisation stood for integrity and credibility in the Industry. I left no stone unturned in propagating this aspect at every level of interaction with clients. I am stunned to learn that Regional Management has surreptitiously changed the terms of medical insurance without even taking the retirees into confidence? This is nothing short of “Breach of Trust”. The Regional Management can not be allowed to take such steps which will ultimately hurt LR REPUTATION as injustices of this sort sooner or later do come to the knowledge of Industry leaders.
The memorandum of settlement signed by me and LR on 26/7/2016 clearly mentions the post retirement benefit " Mediclaim Hospitalisation Insurance" for me and my spouse after retirement would be ₹750000 and no where it has been mentioned of co-payment nor about LR retaining the right to change the policy.
For an organization that has prided itself on its values, which once believed in the tag line ’Life Matters’ , don’t know now what compulsions have forced the decision makers to take these decisions on us. As CEO of the organization, you will understand that LR’s long history has been built on its values, principles, by adding value to society, not just making temporal monetary savings. We collectively are still true ambassadors of the organization and having lived its values, are the face of LR. While we wish LR a glorious future, what we certainly would not like to see is an erosion of the values it was built on.
Pension received is not sufficient to care of my medical expenses. As you are well aware I have a special child to take care.
I agree with you all that reduction in Medical Benefit should be abolished. Please take it up with the CEO of LR. I may add here that LR has always looked after the staff. I feel proud to have worked for LR.
While I am in possession of the proposed (Adopted?) changes in the personal insurance policies of general pensioners, I would agree to the contents of the message in overall situation. I wonder though, if an individual pensioner can comment on the LR’s financial responsibilities in the absence of any concrete data in this regard.
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Grossly unfair to burden the pensioners at their time of need - not expected from LR