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Showing posts with the label Retirement Age

No plan to increase central govt employees’ retirement age

  New Delhi: Central government employees are in for a disappointment as the Centre is at present not considering any move to raise the retirement age to 62 years. A senior official in the Ministry of Personnel, Public Grievances and Pensions, which acts as nodal department for personnel matters, said there was no such proposal to increase the age for superannuation of government employees. " There is no proposal to increase the retirement age to 62 from 60 years. The Ministry is not working on any such proposal ," the official said. Recent media reports claimed that the Ministry has written to Prime Minister's Office for raising the retirement age and sought the Union Cabinet's nod for the purpose. There are about 50 lakh central government employees working in various departments across the country.

Central govt employees’ retirement age to be extended by 2 years to 62: Financial Express

Central govt employees’ retirement age to be extended by 2 years to 62: Financial Express The government is planning to extend the retirement age of all central government employees by two years — from the current 60 to 62 years. Sources said that an in-principle decision has been taken in this regard and the department of personnel and training (DoPT) has begun the work to implement the same. A formal announcement to this effect is expected this year itself. The last time the government extended the retirement age of central government employees was in 1998. It was also a two-year extension from 58. This was preceded by the implementation of the 5th Pay Commission, which had put severe strain on government’s finances. Subsequently, all state governments followed the Centre’s policy by extending the retirement age by two years. Public sector undertakings followed suit too. The decision to extend the retirement age is well-timed both politically and economically. The UPA governme...