THIRUVANANTHAPURAM: Even though the government has sanctioned Rs 71 crore, the pension at KSRTC is being stalled due to a dispute between the finance and cooperative departments. The pension for the month of May and June has been delayed. The pension was earlier delayed because the government did not release the money.

Since 2018, the pension in KSRTC is being paid through a consortium of cooperative banks. Usually, Co-operative banks provide pensions and the government repays the amount with interest. The interest rate for the project which started at 7.5 is now 8.5 percent but the position of the cooperative department is that 9 percent interest is required. However, the position of the Finance Department is that the Cooperation Department should pay the pension till June without any interest difference. The Finance Department had allocated 71 crores to KSRTC for pension in the meantime but the process of disbursing this amount through cooperative societies is delayed.