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Thiruvananthapuram: The govt will bring in a new package to address the KSRTC pension woes. A new pension fund will be set up from April 1 onwards and KSRTC will offer Rs 20 crore to the fund every month. The govt too will also apportion an equal share of money to the fund, Transport minister Thiruvanchoor Radhakrishnan said.
These decisions were taken at a meeting headed by the chief minister Oommen Chandy along with transport minister and representatives of KSRTC employee unions on Monday.
The loan availed by KSRTC from KTDF will be transferred to a nationalized bank. Thiruvanchoor Radhakrishnan said by transferring this to a nationalized bank, KSRTC would gain crores of rupees by way of interest.
The govt plans to disburse interest on pension for three months immediately. The pension arrears will be disbursed from December 24. Those drawing a pension amount less than Rs 15000 will get it in one go and those drawing a pension of over Rs 15000, would be given the balance amount in instalments during July, August and September.
Pensions for the month of January, February and March will be disbursed in the same manner. The remaining amount will be given in October, November and December. The govt loan to KSRTC will be converted as equity. More buses would be operated to increase the revenue.
Loss-making services would be made to generate profit by altering their routes.
Thiruvananthapuram: The govt will bring in a new package to address the KSRTC pension woes. A new pension fund will be set up from April 1 onwards and KSRTC will offer Rs 20 crore to the fund every month. The govt too will also apportion an equal share of money to the fund, Transport minister Thiruvanchoor Radhakrishnan said.These decisions were taken at a meeting headed by the chief minister Oommen Chandy along with transport minister and representatives of KSRTC employee unions on Monday.
The loan availed by KSRTC from KTDF will be transferred to a nationalized bank. Thiruvanchoor Radhakrishnan said by transferring this to a nationalized bank, KSRTC would gain crores of rupees by way of interest.
The govt plans to disburse interest on pension for three months immediately. The pension arrears will be disbursed from December 24. Those drawing a pension amount less than Rs 15000 will get it in one go and those drawing a pension of over Rs 15000, would be given the balance amount in instalments during July, August and September.
Pensions for the month of January, February and March will be disbursed in the same manner. The remaining amount will be given in October, November and December. The govt loan to KSRTC will be converted as equity. More buses would be operated to increase the revenue.
Loss-making services would be made to generate profit by altering their routes.
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