No Plans to Reduce Retirement Age – Centre clarifies

No Plans to Reduce Retirement Age – Centre clarifies

The Centre has clarified in the Parliament that there are no plans to reduce the retirement age for Central Government employees. The Minister Dr. Jitendra Singh had said this via a written reply to a query in Rajya Sabha yesterday.

The Minister has already clarified that there are no plans to increase the retirement age to 62 in Rajya Sabha on 11th December 2014.

This puts to rest speculations that had been making the rounds for a number of weeks now.

The Minister also presented the details of the money spent as payment for the Central Government employees. According to his reply, Rs. 85,963.5 crores was spent in 2010-11; Rs.92,264.88 was spent in 2011-12; and Rs. 1,04,759.71 was spent in 2012-2013 for payments to employees of various Central Government organizations running all over the country.

To the question raised by Mr. Sardar Sukhdev Singh Dhindsa, Dr. T. Subbarami Reddy and Mrs. Ambika Soni, Minister Dr. Jitendra Singh said that as per the recommendations of the 5th Pay Commission in 1997, the retirement age of Central Government employees was raised from 58 to 60.

The Pay Commission has the power to recommend an increase or decrease in the retirement age for Central Government employees. Will the 7th Pay Commission make any recommendation in this regard?

One has to wait and watch.

Source: 7th Pay Commission News

Retirement age issue echoes in Parliament

Retirement age issue echoes in Parliament

Revision of retirement age topic echoes also in Parliament today. Dopt Minister replied in a written form to a question asked by the members of Sardar Sukhdev Singh Dhindsa, Dr.T.Subbarami Reddy and Smt. Ambika Soni in Rajya Sabha today. Minister said that there is no proposal under consideration of Government to reduce the retirement age from 60 to 58 years for its employees.

He also said, the Centre’s total wages and salaries bill for its employees for the year 2010-11, 2011-12 and 2012-13 is Rs. 85,963.50 crore, Rs. 92,264.88 crore and Rs. 1,04,759.71 crore, respectively. The retirement age for Central Government employees was revised from 58 to 60 years in 1997 on the basis of recommendations of the 5th Central Pay Commission.

Read our exclusive article on this subject “The Motive behind Reducing Retirement Age for Central Government Employees – An Analysis”

And another stir article published on 10.12.2014 “Retirement Age to be Reduced from 60 to 58 for Central Government Employees?

The Motive behind Reducing Retirement Age for Central Government Employees – An Analysis

The Motive behind Reducing Retirement Age for Central Government Employees – An Analysis

For a few weeks now, reports have been surfacing that the Centre is giving serious thoughts about reducing retirement age of Central Government employees from 60 to 58.

The truth behind these series of rumours couldn’t be found yet. There is no official sand on this either.

The news was first published by popular English daily newspaper. Without any official source to confirm it, the article analyzed the issue from various perspectives. It was presented in a manner that was acceptable by most.

This was followed by an order of the Railway department that was released on Facebook. In the order, the Railway Board had demanded an explanation from their zonal railways over the number of retiring employees (safety category) if the age of the retirement is reduced to 58.

Another event that gave credibility to the issue was the reduction of retirement age of state government employees from 60 to 58 in Haryana, a state ruled by BJP.

When the news of reducing the retirement age first surfaced, it caught employees by surprise and shock, because, for a while now, there were talks of actually raising the retirement age from 60 to 62! The current talks of reducing the retirement age have created a palpable sense of panic among employees over the age of 55.

There are many who are for and against the news, the strongest opinion in favour of age reduction being that it would help ease the unemployment problem.

Those who are looking for their first jobs would be happy to support any kind of age reduction – be it 58 or even 50! This is simply because they are desperate to get into a job. But the truth is – the attitude will definitely change once they get a job.

Each year, about 1.75 lakh employees retire from Central Government services. The claim that if an additional 3.5 lakh employees retire in a particular year, the country’s unemployment problem could be solved is unacceptable.

After reducing the retirement age, the number of new retirees is going to stabilize again. Will the Government resort to such tactics of reducing the retirement age again and again?

Moreover, it is also true that handing out retirement benefits to 5 lakh employees at a time is going to drain the Government’s financial resources.

Another important reason to support the reduction of retirement age is the claim that it would bring younger blood into the various central government organizations.

The fact is – in the past eight years, the number of central government employees all over the country has continued to be around 30 lakhs. Supporters of the “younger blood” theory couldn’t possibly know that nearly 50% of these employees are youngsters. To be accurate, the employees who had joined the central government services after 01.01.2000 now account for nearly 70% of the central government workforce.

Another argument in support of this move claims that it is the Government’s attempt to cut down unplanned expenses.

In the past few years, the Government had implemented a number of cost-cutting measures. It is not clear why the Government, that had remained blind to this fact, has suddenly seen the light. Ironically, such a move would only worsen the economic crisis.

Finally, what is the motive behind circulating such stories?

Click to continue…

Retirement age 58 to 60 – Bihar decides to increase retirement age of Home Guards

Retirement age 58 to 60 – Bihar decides to increase retirement age of Home Guards

The State Government of Bihar decided to increase the retirement age of Home Guards from 58 to 60. According to the press report, the major decision is effective from 1st December 2014. Nearly 53,000 Home Guards will get the benefit of two more years of service.

Home Gurads are support force to the regular police of Bihar. And also decided that those Home Guards who have completed twenty years of service, including ten years of working days, will be given a one time grant of Rs.1,50,000 when they attain the age of sixty.

Modi government is planning to reduce the retirement age from 60 to 58 – Financial Express

The Narendra Modi government is planning to reduce the retirement age of central government employees from the present 60 to 58 – Financial Express

Age before duty: Babus to retire at 58 instead of 60

In a move that would help curb the relentless increase in the Centre’s non-Plan spending and ease the way for infusion of more young blood and professionalism into the country’s largely moribund bureaucracy, the Narendra Modi government is planning to reduce the retirement age of central government employees from the present 60 to 58.

The move that comes at a time when the Seventh Pay Commission is mulling another sharp boost to the pay structure of the Centre’s 5-million-strong workforce is also aimed at creating the requisite space for lateral entry of technically qualified professionals into the government, official sources told FE.

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