Thiruvananthapuram, May 31: More than 5,000 government employees including college professors who turn 56 on Friday will retire.
According to the online system 'SPARK', established for the salary distribution of government employees, more than 5000 employees will turn 56 on May 31.
As per the reports, the minimal requirement of the government to meet the retirement beneficiaries is around Rs 1,600 crore.
Recently, the finance department had ordered that the retirement benefits should be provided within one month. In case of any delay, the concerned officers will be found guilty and action taken.
The government will have to give the interest of the benefits that was delayed which may cause a huge loss. This is why the government decided to distribute the benefits within one month in order to avoid giving interest.
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