Saturday, August 13, 2011

No proposal to increase the Retirement Age from 60 to 62

The Central Government  on 09.08.2011 clarified that there is no proposal to raise the retirement age of its employees from 60 years at present.

"At present there is no proposal to increase the ageof retirement of Government servants," Minister of State for Finance Namo Narain Meena said in a written reply to the Rajya Sabha.  He said this in reply to a query on whether the government was considering increasing theretirement age of all central government employees by two years to 62 years, from the current 60. 

The government raised the retirement age of central government employees in 1998, when the age of superannuation was extended from 58 to 60 years. Meena said the total number of Central Government employees as on March 1, 2010, was 32.24 lakh.  The total expenditure incurred by the government after the implementation of the recommendation of the 6th Pay Commission amounts to Rs 94,270.50 crore in the fiscal 2010-11. This was higher than Rs 78,111.20 crore incurred in 2009-10, Meena added. 

The total expenditure incurred by the government on salaries and allowances of central government employees before the implementation of the 6th Pay Commission for the fiscal 2008-09 was Rs 61,362 crore, he said.

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