Government employees: Friday, May 31 is going to be a very special day for Kerala. Today, 16000 state government employees are going to retire together. The Kerala government will have to make a provision of about Rs 9000 crore for the retirement benefits of so many employees at once. Kerala is currently stuck in an economic crisis. This month the state had to take an overdraft.
Why do employees retire together?
The reason for so many employees retiring at the same time is also very interesting. May 31 is considered a very special day in the history of Kerala. Last year, 11800 employees retired on this date. This year this figure has increased to 16000. In such a situation, the question may arise in your mind that why do employees retire on this day in Kerala. Actually, before birth certificates were made mandatory, everyone's date of birth was given as May 31 at the time of admission in Kerala schools. Due to its historical tradition, the government is facing this crisis today.
Earlier, several media reports had claimed citing sources that the retirement age in Kerala could be increased. But, this was not done. Now the next crisis before the government is to manage Rs 9000 crore. Apart from this, the Kerala government has also expressed concern to the central government over the loan limit not being fixed for the first quarter of the financial year.
Kerala is currently facing an economic crisis. The state has been running an overdraft since the beginning of this month. However, Budget It was announced that pension payments will start from the current financial year. But this process has not started yet. The relief for the government is that all these employees will not withdraw their money together. Many of these people prefer to reinvest only in the treasury.
About half of those retiring are teachers. Today, 15 people, including five special secretaries, will resign from the secretariat. About 800 people are leaving the police force. About 700 drivers and conductors will retire from KSRTC. There are plans to rehire drivers on a temporary basis. Also, 1,010 employees are retiring from KSEB. Retiring employees will be replaced by lower-level employees in all departments. However, due to the considerable delay in informing the PSC about the vacancies, in addition, the number of employees in some departments is also being considered.