Report of Indian Institute of Public Administration ... - Ministry of Power

STATUS OF PERSONNEL DISPERSAL
Establishment of Pension Trust
State Reports (Vol.-III)
Study on `Impact of Restructuring of SEBs’
The KER Rules, 2002 stated that the State Government and not the DISCOMs would
be responsible for the funding of the pension funds and all statutory and other
personnel related funds for the services rendered in KEB and KPTCL prior to the
effective date of the second transfer scheme of the specified personnel. Accordingly, a
separate Pension Trust has been established to manage the past liabilities, effective
from 1 June 2002. The Pension Trust also receives pension contribution of the staff
for the period after the restructuring from the companies at actuarially determined
rates in order to discharge the current and future liabilities. This system has absolved
the companies from an enormous past liability and also has given the employees the
required assurance. The Pension Trust has approximately, 26,000 pensioners and
family pensioners on its rolls.
3.26