Thursday, November 27, 2014

Haryana reduces retirement age to 58, Central employees to follow ?

Reversing the previous Bhupinder Singh Hooda government’s decision, the Haryana Cabinet today (25/11) reduced the retirement age of government employees from 60 to 58 years.
Speaking to mediapersons, Khattar said that the government had taken the decision to reverse the retirement age of government employees from 60 to 58 years in an attempt to open job opportunities for the youth. The retirement age of Class IV, visually impaired and handicapped employees has been reversed from 62 to 60 years.

Employees who have completed 58 or 60 years in their respective categories and are still serving would retire on November 30, 2014. The upper age limit for fresh recruitment would remain 42 years.
Source : The Tribune
Centre to follow suit ?

The finance ministry is weighing the pros and cons of the proposal to cut the retirement age. The move, sources said, is also in line with the BJP’s manifesto, which had promised to rationalise and converge ministries, departments and other arms of the government, open up government to draw expertise from industry, academia and society and tap the services of the youth in particular to contribute to governance.
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.
The retirement age was last revised in 1998, when the then NDA government led by Atal Bihari Vajpayee raised it from 58 to 60 years. The last UPA government had reportedly considered enhancing the retirement age further to 62 just before the general elections, but dropped the move.
The superannuation age was increased from 55 to 58 way back in 1962
Click here for details in "Financial Express".

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