Kerala Government to introduce a new company for distribution of Pension
Synopsis
The chief minister will be in charge of the company and the fund for pensions will be provided by the state government to the company.
The cabinet's decision to form a company for the distribution in the state will be implemented. The chief minister will be in charge of the company and the fund for pensions will be provided by the state government to the company.
The welfare pensions are to be provided by various welfare boards. There is various uncertainty in the pension distribution, which is causing a delay in the distribution.
Pensions are now distributed once in three months or during festival seasons. The company provides monthly pensions on the basis of livelihood assistance. The government will hold 100 per cent share in the company.
The cabinet has also decided to appoint Finance Minister, Chairman of the Managing Director and Board of Directors for the company.
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