Enter Keyword and Search

Wednesday, May 29, 2013

Union government wants retirement age 62

with 15 comments
Union government wants retirement age 62

The Union Government is seriously considering raising the retirement age to 62 for Central Government employees. Obviously, if the Congress announces this before the Lok Sabha polls, it could expect a sizeable vote share. North Block, which houses the Union Ministry of Finance would be more than happy to have 62 years as the retirement age because for next two years the pension funds can accumulate. 

The UPA2 also wants to put the next government in fiscal tight spot, or what is called the War Room effect of the AICC. 


Related Posts Based on Your Search


Anonymous said...

It will be a very hasty and embarassing decision to raise the retirement to 62 years. In view dinishing marginal returns from aged employees, the youth of the nation will lose opportunity for 2 years.

mohan said...

it is an great insult to the youngster's who are expecting
jop opportunity.

P C Verma said...

why not ! govt definitly should increase the returement age to 62 years on optional basis.Those who are not interested can opt for no, but those who really has a vast experience (particularly in technical and scientific field )& really want to serve can opt yes. AT this stage most of the employes also free from their responsiblity they give full time or more time to office.

Anonymous said...
This comment has been removed by a blog administrator.
KK said...

Youths are not interested in Govt jobs due to NPS, the interest now if taken to increase the age limit from 60 to 62 it is wise and not late. After joining new job , the youth mind roams in different job, after leaving job due to better prospects,finally resut to deficiency of staff and also suffering of work

Anonymous said...

it should definitely happen....much awaited and most expected news....would be a big relief!!would definitely increase the vote bank..

Anonymous said...

definately looking forward to this major decision....the govt.should increase the age to 62.in return it would be a massive voter bank in their support.

Anonymous said...

If age is raised to 62 years this will be a great set back for the youths. Promotions will be held and there will be no creation of vacancy. How our youths get employment. This needs reconsideration.

ks said...

1. Raising retirement age to 62 yrs for Central Govt employee or 65 yrs for bank employee will not serve any purpose as the productivity is directly proportionate to the age of an employee.The productivity of the country as a whole is already suffering.
2.More over the average age of an indian is 70 yrs so let the retiree retire at 58/60 yrs and enjoy retired life if God permits.
3. The opportunity from youth should not be snatched by such acts.
4.Central Govt should make jobs more attractive in terms of pay /perks so that youth can stick to Govt jobs and growth of the ountry can be put on fast tracks.
Good luck India.

Anonymous said...

Good for country, if it is true. A employee virtually works for free after 55 years considering his GPF/Gratuity/Pension locked with government.

SS Joshi said...

My Suggestion:

1. The Retirement Age must be brought down to 55 progressively.

2. This way broadly young brigade will be there in Government services..

3. The experienced but not yet exhausted shall be a boon for Private Companies/MNC's

4. There will be overall growth as Government as well as Private houses shall register increase in productivity.

5 India will flourish..

S S Joshi

Anonymous said...

It is a wonderful idea. Retirement is gross wastage of human resources. When a judge can retire at the age of 65 and a UGC professor can retire at65 why not a government employee cannot retire at 65? Longevity of life expectancy is putting tremendous burden on exchequer. If you increase the retirement age you are getting the work done for almost half the cost as you need not give pension. When Honerabl Finance Minister, Prime minister and other ministers can work most efficiently at this age why can't all the employees cant work for the development of the nation instead of eating free ration of the country and working elsewhere. Who ever has increased the retirement age from 58 to 60 was a great visionary! We need anothergreat personality to increase the retirement age to 65 years immediatly! It will boost the GDP as the retirement benifits we are giving to the employees can be utilised for Nation Building!So Honerable Prime minister implement it immediatly.People never should retire in life & it happens only once!
Well Wisher of Employees.

Anonymous said...

It would be greatest mistake of UPA Govt.

There are several points which should be considered before taking such a big decision.

First of all there is lot of Unemployment in India, without new generation of jobs impact would be youths will be jobless for more periods resulting in Depression and some might even take severe steps.

Second old persons are that much competent in comparison to new blood.

What will happen to UPA message for Young India whereas all political and Govt officials will be old persons.

India is a socialist state which believes in welfare of society. Central Govt. Employees are already well-off it a new blood gets a job then its beneficial for the whole family. Just retaining money of pension for two years is somewhat childish concept.

More ever this country has youth population and this decision of UPA will make them not to vote for them

Unknown said...

Hi,The move by UPA 2 govt to increase the retirment age to 62 is welcomed .as we know the age group in india of more than 58 + people has been growing a lot looking into the retirment from their services so by increasing the age group in 2014 elections there is a sure increase in the no of votes UPA would gain as the govt people will be more happy and there is a cost cutting need also in hand as we need not recruit new contract resources

chandra vijay ,software engr

kks said...

It is true that the youth of the country is least interested in govt. jobs due to implementation of the NPS system or might be other reasons too. The opportunity may be given to the serving govt. employees to continue for further 2years or more. The VRS is already in its force for unwilling govt. employees.

Our Most Visited & Commented Posts

154 Comments - 10,982 Views

31 Comments - 9,657 Views

Government Of India Notification About IME India Recognition
24 Comments - 40,061 Views

Expected DA (Dearness Allowance) for CG Employees from July 2009 is 27%
22 Comments - 33,048 Views

31 Comments - 30,025 Views

10 Comments - 38,803 Views

Revised rates of subscription under CGHS due to revision of pay and allowance
0 Comments - 47,146 Views

49 Comments - 56,292 Views

29 Comments - 50,163 Views

Pay Protection - Transfer under commpassionate ground
14 Comments - 26802 Views

Sixth CPC - Revision of pay scales - DoP&T Order
19 Comments - 66,033 Views

Travelling Allowance to Central Government servants on retirement
2 Comments - 29,767 Views

Revision in the rate of Ration Money Allowance in respect of Non-Gazetted RPF/RPSF personnel
2 Comments - 18,178 Views

New Income Tax slab for A.Y.2010-11, F.Y.2009-10
9 Comments - 23,675 Views

Air Travel on official account – both domestic and international
12 Comments - 19,682 Views

Revision of pension of pre-2006 pensioners
0 Comments - 10,168 Views

Review of CGHS (Central Government Health Scheme)
7 Comments - 11,970 Views

Announcement of 60% arrears of 6th Pay Commission expected shortly
48 Comments - 13,238 Views

Journey by air while availing Leave Travel Concession - clarification regarding
10 Comments - 16,979 Views

The Increment date is July 1st for all Central Government Employees
26 Comments - 29,406 Views

MACP Scheme - PB-2 Grade Pay 4200 (5000 - 5500 - 6500) - Clarification
34 Comments - 61,461 Views

Pension allowable only on completion of 20 years in service: CAT
14 Comments - 4,493 Views

Raising retirement to 62
78 Comments - 60,502 Views

NEW TAX CODE Tax deduction limit on savings to be hiked to Rs 3 lakh
7 Comments - 18,987 Views

Authorised Medical Attendant - Chennai Doctors Name List
5 Comments - 10,445 Views

Modified Assured Career Progression Scheme (MACPS) for Railway Employees
7 Comments - 17,049 Views

New Fee Structure in Kendriya Vidyalaya Schools
4 Comments - 18,823 Views

2 Comments - 12,623 Views

Cabinet has approved to issue 5% additional Dearness Allowance from 1.7.2009
18 Comments - 29,965 Views

Clarification reg. - Air Travel while availing LTC
12 Comments - 18,633 Views

24 Comments - 75,851 Views

FR SR, Part III Central Civil Services - Leave Rules
11 Comments - 34,011 Views

Pay and promotional disparity in BSF compared to armed forces
20 Comments - 26,867 Views

Complete details are given of National Anomaly Committee Meeting and discussions in Confederation Website
61 Comments - 11,556 Views

Expected DA (Dearness Allowance) for Central Government Employees from Jan 2010 - 35%
75 Comments - 88,819 Views

19 Comments - 17,594 Views

Govt cannot refuse NOC to employee on technical grounds: CAT
13 Comments - 21,226 Views

Recommendation of the Fast Track Committee regarding the pay scale of Pharmacists
30 Comments - 9,250 Views

22 Comments - 22,914 Views

Pay Fixation on Promotion : Applicability of Minimum Pay / Stepping up of Pay clarification
22 Comments - 29,299 Views

8 Comments - 13,678 Views

3 Comments - 36,642 Views

Posting of husband and wife at the same station
33 Comments - 47,341 Views

Agenda Points for 46th Meeting of National Council (JCM) from BPMS
23 Comments - 11,674 Views

CGEGIS - Tables of Benefits for the savings fund for the period from 1.1.2010 to 31.12.2010.
0 Comments - 21,788 Views

Child Care Leave - Clarification from PC of A(Fys) Kolkata
12 Comments - 41,810 Views

Rule 21A of Income Tax Rules 1962 - Form 10E
5 Comments - 14,465 Views

Grant of the pay structure of grade pay of Rs.4600 in the pay band PB-2 to Assistants of Central Secretairiat Service
2 Comments - 13,264 Views

Engagement of retired employees on daily remuneration basis
0 Comments - 16,974 Views

4 Comments - 12,641 Views

Order to revise house rent rule
13 Comments - 16,210 Views

National Anomaly Committee Meeting Conclusions and Discussions
46 Comments - 69,084 Views

The 2nd National Anomaly Committee meeting - Decisions and Discussion
26 Comments - 48,386 Views

Model RRs for stenographer Grade II post in non-Secretariat Organizations
29 Comments - 15,566 Views

General Budget 2017-18 – NFIR’s proposals for consideration
0 Comments - 26,260 Views

Grant of Children Education allowance to third child when first / second child is not in a position to go to school due to severe disability
1 Comments - 23,057 Views

The Staff Side’s Suggestion on MACP’s Core Issue
4 Comments - 10,431 Views

Gratuity Act raises unions’ hackles
24 Comments - 8,213 Views

Fixed Medical Allowance for Pensioners - Staff Side demanded Rs.600 per month
2 Comments - 10,687 Views

5 Comments - 10,684 Views

26 Comments - 29,666 Views

Features of MACPS (Modified Assured Career Progression Scheme)
15 Comments - 27,989 Views

National Council meeting Agenda and Discussion points from Confederation
1 Comments - 12,167 Views

Skill Test for recruitment to the post of LDCs and Stenographers
6 Comments - 18,501 Views

Recent Posts

Disclaimer:As and when orders amending the rules are published by the Government, the amendment orders will be published in our blog immediately. Readers are requested to refer to the source link is given at the end of the post. All efforts have been made to ensure accuracy of the content on this blog, the same should not be construed as a statement of law or used for any legal purposes. 90paisa accepts no responsibility in relation to the accuracy, completeness, usefulness or otherwise, of the contents. Users are advised to verify/check any information with the relevant department(s) and/or other source(s), and to obtain any appropriate professional advice before acting on the information provided in the blog. Links to other websites that have been included on this blog are provided for public convenience only. 90paisa is not responsible for the contents or reliability of linked websites and does not necessarily endorse the view expressed within them. We cannot guarantee the availability of such linked pages at all times.