After 10-day wait, 1.75 lakh Himachal pensioners to finally receive monthly payments today

SHIMLA: In a significant relief for the pensioners of Himachal Pradesh, the long-awaited monthly pension will be credited to their accounts on Tuesday (September 10, 2024) after a 10-day delay. Amidst the state’s ongoing financial crisis, around 1.75 lakh retired government employees had been left in limbo, waiting for their pensions, which were delayed for the first time in the state’s history.

Himachal Pradesh is currently facing a severe economic crunch, impacting the timely disbursement of salaries and pensions. For the first time, government employees did not receive their salaries on the 1st of the month, instead having to wait until the 5th. Pensioners, many of whom rely on this monthly payment to meet essential expenses, faced even longer delays, leading to financial stress. The state’s inability to pay arrears of the revised pay scale or disburse dearness allowance (DA) on time has worsened the situation.

Sukhu government draws sharp criticism

Retired employees, who have devoted their lives to public service, had been anxiously waiting for their pensions to be credited. The Sukhu government has come under sharp criticism from the opposition over the delay, with many questioning the state’s financial management. Himachal’s delayed salary and pension payments have even garnered national attention.

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However, on Tuesday, after weeks of uncertainty, there is a ray of hope. By the afternoon, the pension for September will finally be credited to the accounts of 1.75 lakh pensioners.

Monthly pension bill Rs 800 crore

According to sources, Himachal’s monthly pension bill amounts to Rs 800 crore. Today, the state’s treasury is set to receive Rs 740 crore as part of its share of central taxes, which will ease the strain on pension payments. Additionally, the state government expects to receive Rs 700 crore in loans by September 11, allowing the state to temporarily manage its finances.

With Himachal’s loan limit currently at Rs 2,317 crore, the state plans to borrow Rs 700 crore for a period of 15 years. By December, this loan limit will reduce to Rs 1,617 crore, presenting further challenges for the state’s financial management.

“While today’s pension payments bring temporary relief to many, the state’s long-term financial health remains a matter of concern, with increasing pressure on the Sukhu government to stabilise the situation and prevent such delays from happening again,” said an official.