7 months ago
1
The Syndicate of University of Madras connected Wednesday approved the partial withdrawal of its corpus money for the outgo of pension arrears to retired employees, amid objections from teaching and non-teaching unit associations.
The University owes 339 retirees a full sum of ₹95.44 crore arsenic arrears towards pension, household pension, Death-cum-Retirement Gratuity (DCRG), commutation, and permission encashment.
The determination was necessitated aft the Madras High Court, responding to a contempt petition, ordered the Finance Secretary to look successful idiosyncratic and explicate steps being taken by the authorities to wide the arrears.
At a hurriedly called peculiar meeting, the Syndicate resolved to retreat 2 of its deposits nether the corpus money that matured successful the past week amounting to a full of ₹45.6 crore. In addition, the State authorities has chipped successful with a artifact assistance of ₹20 crores to conscionable the contingency.
Rita John, Registrar, University of Madras, said that the authorities had communicated that it was consenting to compensate the assemblage with additionality assistance for the nonaccomplishment of involvement owed to the withdrawal. The University has a full corpus money of ₹318 crores.
The University had, past week, settled the pension arrears and household pension arrears of 184 retirees amounting to ₹6.32 crore from its non-plan wide fund. Prof. Rita said that the DCRG and the permission encashment components, wholly amounting to ₹50.8 crore, volition beryllium paid disconnected from the corpus withdrawals and the authorities grant.
The commutation component, which amounts to ₹38.31 crore, volition person to beryllium reviewed individually and would beryllium near to the discretion of the retired employees, she added. The Syndicate resolved to authorise the Vice-Chancellor Convener Committee to utilise funds from consequent maturity of deposits.
The Syndicate besides resolved to represent a committee for gross augmentation to research possibilities of raising funds to fortify the corpus.
Between April 2015 and September 2025, 87 teaching staff, 249 non-teaching staff, and 129 household pensioners were owed terminal benefits by the university. The connection had met with stiff absorption from the assemblage module and non-teaching unit associations who said that the determination to retreat a portion of the corpus would permission the assemblage financially thin, jeopardising the benefits payable to aboriginal retirees.
The hold successful disbursement of terminal benefits was attributed to audit objections raised implicit the years. Following successive tribunal directives successful August 2025, the fiscal particulars and work registers of the pensioners were forwarded to the Directorate of Audit General, Nandanam. As galore arsenic 339 work registers were verified and cleared for payment.
