Government, Electricity Board to share pension liabilities

The Kerala State Electricity Board’s (KSEB)pension liabilities had risen by `3,064 crore following the pay revision.

Published: 31st October 2013 11:56 AM  |   Last Updated: 31st October 2013 11:56 AM   |  A+A-

The Kerala State Electricity Board’s (KSEB)pension liabilities had risen by `3,064 crore following the pay revision.

The state Cabinet has decided that the liability of the Board will be met by the State Government and the Electricity Board on a 35.5:64.6 ratio.

Although the restructuring process of Electricity Board was kicked off years ago, deadlines were extended time and again by successive LDF and UDF governments.

In 2008, the assets and liabilities of the Electricity Board were vested with the State Government.

The deadlines for re-vesting the assets and liabilities  into the new company, which was subsequently formed as Kerala State Electricity Board Ltd, were delayed with the State Government extending the deadlines every six months.  Meanwhile, several trade unions in the Electricity Board have blasted the move saying that ‘corporatisation’ was against the best interests of the employees and the consumers.

The move will adversely affect the industrial and agricultural sectors and other aspects like pension and appointments, the Kerala Electricity Officers’ Federation said.

The Kerala Electricity Workers Federation (AITUC) demanded a roll-back of the decision as electricity boards in other states that were unbundled have not performed well.

Stay up to date on all the latest Kerala news with The New Indian Express App. Download now


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp