3 days ago
UoM pensioners face delay in payments due to lack of funds
Mysuru: If the state govt doesn't release funds immediately, the University of Mysore (UoM) pensioners, numbering over 1,900, will not receive their pension on time.
According to sources, the varsity is waiting for govt funds to pay the pension this month.
Meanwhile, pensioners are demanding financial discipline in the UoM to save the institute from bankruptcy.
Every month, the university requires Rs.8.5 crore to pay the pension for its retired staff. For the last few months, the UoM has been totally dependent on govt support to pay pensions.
According to the pensioners, the pension amount was generally credited to their bank accounts on the last date of every month.
"But in recent months, it was delayed to the second or third day of the next month. This month, it is expected to be delayed again as the govt is yet to release funds," explained a pensioner who wished to remain unnamed.
"With no funds, the university is totally dependent on the govt for the money to release pensions. So, it is getting delayed," a pensioner explained. "With the trifurcation of the university, the university's revenue is declining.
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The need of the hour is an action plan to support the university," he said.
Lokanath NK, VC, UoM, informed that the university is waiting for govt funds to pay the pension. "The govt assured us of releasing money in this regard. Once we receive funds, pensions will be paid," he explained.
Pensioners Association president K Mahadev stated that the situation is worrying. "The pension fund became empty due to the excess recruitment of temporary non-teaching staff," he alleged.
"The university authorities recruited hundreds of excess non-teaching staff. Politicians, irrespective of party affiliation, secured jobs for their candidates in the university. There is no space for these staff to sit in the departments. These excess recruitments resulted in the financial crisis," he alleged.
