Reducing Retirement Age for central government employees from 1/1/2016 -The Right Way
The attention of all central government employees is on the 7th Pay commission which is going to be implemented on 1/1/2016. We come to hear that the meetings convened to know the demands of the employee federations of various departments have come to an end and in the month of August, the commission is going to submit its recommendations to the government.
When all this is happening on one side, there is an unknown sense of fear and unease in the minds of the central government employees. The reason for this is the thought that there might a change in the retirement age of employees. Will the retirement age be reduced? Nobody could stop this question from arising in the minds of employees. Even when the government has clearly announced that the retirement age will not be reduced, there is still doubt and confusion in the minds of the employees.
Nation's economic growth; employment for youth and the increase of work efficiency in offices and factories thereby can happen but at the same time thousands of employee families will be very adversely affected.
In order to repay: the housing loan installment applied with the desire of owning a house, the loan arranged for children's betterment, the money owed due to marriage expenses, the employees would have considered their service period as extending up to the age of 60. When the retirement age is suddenly reduced, the consequences appear unthinkably terrifying.
Everybody really accepts that graduated and unemployed youth should be given jobs. No doubt, in a country like ours which has lakhs of unemployed youth, a reduction of retirement age will be desirable.
Considering the future of India, a new pension scheme was introduced and is in force now for the employees who joined after 1/1/2004, like this for those who join employment after a certain date (for example, from 1.1.2016), the retirement age can be reduced from 60 to 58 or even to 56. Nobody will be affected due to this. Those who join service, will know their retirement age well before and so will make their future plans accordingly. Due to this method, there is no problem for the employees who are in service presently. Also, the new employees will not be affected. If the government has plans of reducing retirement age this can be a suitable solution.
S.RAVI  | |
Showing posts with label Retirement Age. Show all posts
Showing posts with label Retirement Age. Show all posts
Friday, June 19, 2015
Reducing Retirement Age for central government employees from 1/1/2016
Wednesday, December 17, 2014
Retirement Age Latest News - Increase in retirement age from 60 to 62
Increase in retirement age from 60 to 62
GOVERNMENT OF INDIA
MINISTRY OF PERSONNEL,PUBLIC GRIEVANCES AND PENSIONS
RAJYA SABHA
UNSTARRED QUESTION NO-2121
ANSWERED ON-11.12.2014
Increase in retirement age
2121 . Shri Mahendra Singh Mahra
(a) whether Government has decided to increase the retirement age of Central Government employees from 60 years to 62 years, if not, by when such a decision is expected to be taken;
(b) whether such a decision would not result in reduction of employment opportunities to the educated youth of the country; and
(c) if so, the details of rationale for increasing the retirement age?
ANSWER
Minister of State in the Ministry of Personnel, Public Grievances and Pensions and Minister of State in the Prime Minister’s Office. (DR. JITENDRA SINGH)
(a): No, Sir.
(b) & (c): Do not arise.
Source: http://164.100.47.4/  | |
Tuesday, February 18, 2014
Government push for passage of bill to increase retirement age of HC judges
Government push for passage of bill to increase retirement age of HC judges
NEW DELHI: In a last push for the passage of a bill which seeks to increase the retirement age of High Court judges from 62 to 65 years, government has asked the Lok Sabha secretariat to bring up the legislation pending since December, 2011 for consideration and passage in this session.
The Winter session of Parliament - the last of the present Lok Sabha - will conclude on February 21. It leaves the government with only six sittings to pass the Constitutional amendment bill.
If the bill fails to be passed in this session, it will lapse with the dissolution of the 15th Lok Sabha.
On February 5, the Law Ministry had sent a notice to the Lok Sabha Secretary General to bring up the bill for consideration and passage.
The Constitution (114th Amendment) Bill, 2010 was taken up for discussion in Lok Sabha on December 28, 2011 amid pandemonium on Telangana issue. However, the discussions remained inconclusive.
On the same day, however, the lower house passed the Judicial Standards and Accountability Bill, which seeks to establish a credible and expedient mechanism for investigating individual complaints of misbehaviour or incapacity of a judge of the Supreme Court or of a High Court and to regulate the procedure for such investigation.
If the retirement age of High Court judges is increased to 65, it will match up to the one existing for Supreme Court judges.
The measure will help around 639 judges of the 24 High Courts in the country.
Sources said though the Law Ministry is keen on pushing the legislation, various political parties will have to be taken into confidence as constitutional amendment is needed for the purpose. A constitutional amendment needs support of two-thirds of the members present and voting in both Lok Sabha and Rajya Sabha.
Source:ET  | |
Proposal for raising Retirement Age to 62 waits for Cabinet Nod
Proposal for raising Retirement Age to 62 waits for Cabinet Nod
We have heard it so many times . Every one of us got tired of hearing this rumour again and again. But this time this news may not fade away just as a rumour.
Because the series of events that had happened until now listed below are telling that it will be come true soon.
1. Though there is no any demand from any corner to raise the retirement age of central government employees to 62 years, a parliamentary panel has recommended a proposal to increase the retirement age of government servants to 65 years. The report of the standing committee of Parliament on social justice and empowerment tabled in the Parliament on 7th of this month. Ample justification also was given for their recommendation to increase the retirement age.
2. A reliable source close to a Cabinet Minister told that, the Cabinet Minister himself, while addressing to the Trade Union Wing of his party told ‘the Central Government would announce some important decisions in respect of central government employees within a week or two. This will be good news for all the central government employees.’
3. A close ally of a Central Minister told that, in a meeting held with the leaders of the state unit of his party day before yesterday, the Minister told the Leaders ‘a proposal of increasing retirement age of central government employees to 62 years has been waiting for Cabinet nod. It is expected that the cabinet will clear this proposal within a week. After it gets the Cabinet Nod, the formal announcement will be made by Central Government before the Election announcement.’
The above information clearly indicates that some Good News for central Government Employees are waiting to be announced within a week or two. All the central government employees know what that good news is!
The expected good news will be either increasing retirement age or Merging 50% DA with Basic Pay or Both!
Source:http://www.gservants.  | |
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