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Madras univ to use corpus fund to clear benefit dues
The New Indian Express Madurai
|November 29, 2025
IN a decisive move driven by mounting judicial pressure, the syndicate of the University of Madras on Friday approved the use of its corpus fund along with a fresh ₹20-crore government grant to clear terminal benefits pending for nearly a decade.
The dues, amounting to ₹95.44 crore, pertain to 465 pensioners and family pensioners for the period from April 2015 to September 2025. As per the financial plan cleared at the syndicate meeting, ₹45.6 crore will be drawn from two matured fixed deposits (₹10 crore and ₹35.6 crore) in the corpus fund.
In addition, ₹20 crore released by the higher education department will be used to clear the backlog of retirement benefits. A combined pool of ₹65.6 crore will be used to settle ₹50.8 crore towards pension components such as DCRG (death-cum-retirement gratuity) and EL/UEL encashment.
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