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The annual expenditure of the state government will increase by Rs 2000 crores
The National Pension System is a government-backed retirement savings scheme to provide post-retirement financial security.
If the state government does not intervene in the matter soon, the Board may be forced to increase the power tariff by at least Rs 4 per unit.
Although several differently-abled family pensioners have submitted memorandums raising concerns, the government is yet to act on it.
According to Balagopal, 26.62 lakh beneficiaries will receive the pension directly in their bank accounts.
Intervening in the suicide of a retired KSRTC employee in Kattakada, which is the fourth in the state so far, over the non-payment of pension dues, the court asked the government if it wasn't jolted by staff taking their own lives.
The government is currently evaluating whether it can ensure a pension amounting to at least half of an employee's last drawn salary, as proposed in the National Pension System.
Under this scheme, government employees will be eligible for full pension with an eligibility service length of 25 years.
'Should Modi take the blame now for the Agniveers who will turn pensioners in 30 years?' the PM said during Kargil Vijay Diwas commemoration.
Dr Rama had a bitter fight with SFI over a defunct drinking water unit in her last months in service.
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