Pension reformation in KSRTC causes Rs 13 crore extra debt for Kerala

Representational Image: AP

Thiruvananthapuram: Kerala government’s decision regarding KSRTC pension reformation will be crucial as the government has to spend the pension amounts. At least Rs 63 crore have to be dispensed to 41,100 pensioners under the corporation. The government has to find additional Rs 13 crore to grant a 15 per cent increase in the pension in proportion to the wage reforms.

KSRTC will not be able to bear the expense of pension distribution in the current situation. It is the government which has to dispense the pension via cooperative consortium. Pensions were revised in 2012 for the last time. Hence, the High Court demanded the government to decide on the pension within four weeks. The state government will commence discussions with the organisation of pensioners soon.

KSRTC pensioners are demanding a hike in accordance with the pension received by service pensioners. They alleged that the government had revised the pensions of service pensioners in 2016 and 2021.

The pension for former employees was dispensed via cooperative banks from March 2018. The cooperative banks which distribute the pensions themselves receive it from the government later along with interest.

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