Wage Revision for RTC Employees: 37,360 Beneficiaries

With the State Government announcing a wage revision for RTC employees, 37,360 individuals currently working in the corporation are set to benefit. The revision has been decided to be implemented retroactively from April 1, 2021; consequently, the benefits will accrue to employees currently in service as well as those who retired after that specific date. Labor representatives have indicated that, following the government's decision to grant an 11 percent fitment, salaries are expected to increase by approximately ₹4,000 to ₹15,000 for conductors, and by ₹4,000 to ₹17,000 for drivers.

This wage revision is expected to impose a significant financial burden on the corporation. Since the implementation dates back to 2021, the corporation will be required to clear five years' worth of arrears. Estimates suggest that over ₹2,178 crore will need to be paid to currently serving employees alone, while approximately ₹230 crore will be payable to retired employees. Officials stated that the total financial burden is projected to exceed ₹2,400 crore. Furthermore, the monthly expenditure on salaries is expected to rise by an additional ₹34.6 crore, translating to an estimated annual increase of over ₹415 crore.

As part of the arrears settlement process, it has been decided to prioritize payments to employees who have already retired. For employees currently in service, the arrears will be disbursed at the time of their retirement. To facilitate the implementation of the wage revision, option forms will be collected from the employees. These forms will serve to determine their respective increment dates. Officials have indicated that the entire process is likely to be completed within six weeks.