Representational image | Photo: Mathrubhumi
Thiruvanathapuram: The dilemma existed in the disbursal of KSRTC pensions prior to the pandemic affected the salary distribution too. Before lockdown, the management had contributed Rs 60 crore out of the total Rs 80 crore required for dispensing salaries. Amid the financial crunch, KSRTC depended for distributing pensions worth Rs 65 crore.
After meeting the expenses for diesel and loan repayment, KSRTC failed to raise fund to dispense salaries. Meanwhile, the government has informed KSRTC that it cannot grant over Rs 30 crore as financial assistance for salary disbursal. Even if the salaries are dispensed with the support of credits, the management has not sorted out a way to manage the salaries of the next month.
Liabilities of pension
(April 2020- July 2021)
Financial assistance from government- Rs 1131.74 crore
Retired staff- 41,000
Monthly pension- Rs 65 crore
Loan repayment for credit taken to dispense pensions- Rs 4.50 crore
Govt assistance for salary and pension
| First term of Pinarayi government | Rs 4630.20 crore |
| Second term of Pinarayi government (from March 2021- till now) | Rs 2037 crore
|
| Revenue | 152 crore |
| Expense | Rs 293.50 crore |
| Salary | Rs 96 crore |
| Diesel | Rs 90 crore |
| Pension | Rs 65 crore |
| Loan repayment | Rs 30 crore |
| Spare parts | Rs 6 crore |
| Compensation for accidents | Rs 4 crore |
| Toll price | Rs 2.5 crore |
| Difference between revenue and expense | Rs 141.50 crore |
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