The Andhra Pradesh state government announces good news for the retired employees of APSRTC.The state government has announced terminal benefits to the APSTRC employees who retired after January 2020 and those who resigned.
The Andhra Pradesh state government has allocated Account Head Numbers for Leave Encashment and Gratuity Payments for the retired employees.The APSRTC recently issued orders regarding this.
This Account Head Numbers allocation was first applied by the state government to RTC employees.With this, leave encashment and gratuity are paid directly through CFMS.
After the YS Jagan government came to power in the AP, the government decided to merge the RTC with the state government.On the other hand, the Andhra Pradesh state government decided to raise the retirement age of RTC employees to 60 years.
Also, APSRTC employees applied for the Health Insurance Scheme on par with government employees.
On the other hand, the Andhra Pradesh state government also provides accident insurance, life insurance facilities to the APSRTC employees.
It has decided to provide free training for competitive examinations to the children of APSRTC employees.However, the unions are expressing happiness with the decision taken by the AP government.
