Retirement Age 62 – Cabinet decision to increase retirement age deferred

Cabinet decision to increase retirement age deferred

The government may make the announcement in the Prime Minister’s 15 August address…

A proposal to increase the retirement age of government employees from 60 to 62 years came to the Cabinet on Thursday but a decision was deferred. The government might make the announcement in the Prime Minister’s Independence Day address, his last before general elections in 2014. The ministry of personnel, public grievances and pensions has proposed an increase in retirement age of government employees from 60 to 62 years, top sources confirmed.

There are around five million central government employees in India. The previous occassion the government raised the retirement age of central government employees was in 1998, from 58 to 60 years. The move is meant to ease the financial burden on the government in terms of its pension liabilities, sources said.

The retirement age of professors in all central universities was recently raised to 65 years. D L Sachdev, national secretary of the All India Trade Union Congress, said his union was totally against the increase of the retirement age beyond 60. It would hurt the youth, especially when the government is doing nothing to create jobs for them, Sachdev said.

Congress-affiliated Indian National Trade Union Congress national president Sanjeeva Reddy said his union had been demanding increase in the retirement age to 62 years and would welcome it.

Minister for Personnel, Public Grievances and Pensions V Narayanaswami had ruled out an increase in the retirement age to a question in Parliament in the winter session this year. An official in the ministry, when asked, refused to speak about it.

Source : www.business-standard.com
[http://www.business-standard.com/article/economy-policy/retirement-age-increase-proposal-comes-to-cabinet-but-decision-deferred-113080201034_1.html]

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Comments

  1. Dr.O.P.Yadava says

    Dear Sir
    There is much ado about increasing the retirement age of central government employees from existing 60 to 62. But my question is why 60, why not 65. To day by the time a man gets job ,he is of 30 years ,then he has to marry ,get his children and then bringing up and settlement of children which would take not less than another thirty five years . Some people are frequently transferred from one state to another state and obviously their children suffer in their studies.
    Every employee wants a reasonable house for post retirement life and to see his children settled and that by any account will not be possible before 65 years of age. And once retired government employees become the most helpless creatures and therefore they must be given opportunity to retire with peace and more over only after working for twenty five years some body becomes expert in his field of work ,therefore ,let country also get some benefit of his experience and expertise.