Proposal for raising Retirement Age to 62 waits for Cabinet Nod : Hot News

Proposal for raising Retirement Age to 62 waits for Cabinet Nod : Hot News

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.com/2014/02/17/proposal-raising-retirement-age-62-waits-cabinet-nod/

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Retirement Age 62, Merger of DA, Scrapping of NPS, inclusion of federation leaders in 7th CPC etc. – Memorandum submitted to PM

Retirement Age 62, Merger of DA, Scrapping of NPS, inclusion of federation leaders in 7th CPC etc. – Memorandum submitted to PM

A confederation of recognised federations has submitted a memorandum to Prime Minister Manmohan Singh putting forth demands like extention of the age of superannuation of Central Government employees to 62 years.

Other demands of the federations include scrapping of the new pension scheme, inclusion of departmental nominees and federation leaders in the Seventh Pay Commission, merger of 50 per cent of DA with basic pay, etc.

Source : www.newindianexpress.com

[http://www.newindianexpress.com/cities/kochi/Memorandum-Submitted/2014/01/06/article1985108.ece]

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Government proposes to increase the age of retirement of Government employees from 60 to 65 ?

In the recently concluded parliament session, Shri MAHABAL MISHRA  , Member of Parliament Requested the  Minister of PERSONNEL,PUBLIC GRIEVANCES AND PENSIONS  to  answer for  the Question that whether the Government proposes to increase the age of retirement of Central Government employees from 60 to 65? and the Minister informed in his written reply that there is no such proposals at present.

GOVERNMENT OF INDIA

MINISTRY OF PERSONNEL,PUBLIC GRIEVANCES AND PENSIONS

LOK SABHA

UNSTARRED QUESTION NO 1975

ANSWERED ON 05.12.2012

AGE OF RETIREMENT

1975 . Shri MAHABAL MISHRA

Will the Minister of PERSONNEL,PUBLIC GRIEVANCES AND PENSIONS be pleased to state:-

(a) whether the Government proposes to increase the age of retirement of Government employees from 60 to 65;

(b) if so, the details thereof;

(c) whether various Departments of the Government has fixed different age limits for the purpose of retirement; and

(d) if so, the reasons therefor?

ANSWER

Minister of State in the Ministry of Personnel, Public Grievances and Pensions and Minister of State in the Prime Minister’s Office. (SHRI V. NARAYANASAMY)

(a): There is no such proposal at present.

(b): Does not arise.

(c) & (d): As per Fundamental Rule 56, except as otherwise provided in the Rule, every Government Servant shall retire from service on attaining the age of 60 years.

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No proposal to increase the Retirement Age of Central Government Servants...

No proposal to increase the Retirement Age of Central Government Servants...

The Central Government clarified that there is no proposal to extend the retirement age of Central Government Employees.

In Rajya Sabha, the Minister of State for Finance Namo Narain Meena told that the total number of Central Government Employees as on March, 2010 was 32.24 Lakh and “at present we have no idea to increase the retirement age of Central Government Employees from 60 to 62”.

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Govt trashes proposal to increase babus’ retirement age

Govt trashes proposal to increase babus’ retirement age

A government committee has rejected a proposal to increase the retirement age of government servants from 60 to 62. The decision is likely to impact over one lakh central government employees and 50,000 defence personnel on the verge of retirement. The proposal — which could have meant saving Rs4,000 crore in this fiscal — was rejected as the government wants a younger bureaucracy.

The fraud complaint

The HRD ministry and sections of the academic community were temporarily preoccupied with a complaint the government received from a body claiming to represent SC/ST employees at the University Grants Commission (UGC) , alleging discrimination by Commission chairman Ved Prakash. But the complaint, it has now been discovered, was fake. The body that sent it doesn’t exist, the UGC’s SC/ST employees’ association has certified. The sender also refused to divulge his identity to the government. A case of attempted malice against the Chairman?

Academics compete with netas for that ‘one more chance’

Politicians, it appears, aren’t alone in keeping their ambitions intact with age. IIT Directors, too, love second terms — even though some believe that a proper reading of the IIT Act — that governs the Institutes — does not allow repeats. After MS Ananth (second term at IIT Madras), Sanjay Dhande (second term at IIT Kanpur) and Gautam Barua (second term at IIT Guwahati), it is the turn of IIT Delhi Director Surendra Prasad to pitch for a second term. The qualification requirements for the post state that applicants should preferably be aged below 60. Prasad — caretaker director at present — is over 60. But that has not stopped him from applying for a second term.

The case of the missing file 

After a file on the Cabinet decision of 1991 — regarding government accounts — went missing, neither the Cabinet Secretariat nor the Finance Ministry — which mooted the proposal — had any clue. Eventually, the Central Information Commission had to intervene and ask the government to locate the file and provide the requisite information to the RTI applicant.

Source: The Hindustan Times

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Central govt employees’ retirement age to be extended from 60 to 62 years

The government is planning to extend the retirement age of all central government employees by two years — from the current 60 to 62 years. Sources said that an in-principle decision has been taken in this regard and the department of personnel and training (DoPT) has begun the work to implement the same. A formal announcement to this effect is expected this year itself.

The last time the government extended the retirement age of central government employees was in 1998. It was also a two-year extension from 58. This was preceded by the implementation of the 5th Pay Commission, which had put severe strain on government’s finances. Subsequently, all state governments followed the Centre’s policy by extending the retirement age by two years. Public sector undertakings followed suit too.

The decision to extend the retirement age is well-timed both politically and economically.

The UPA government reckons the move would be a masterstroke. At a time when it is buffeted by several corruption cases, it is felt that the extension of the retirement age will go down well with the middle classes. Economically also, the move makes sense because by deferring payment of lump sum retirement benefits for a large number of employees by two years, the government would be able to manage its finances better.

“An in-principle decision has been taken to increase the retirement age by two years within this year itself. This would reduce the burden on the fisc from one-time payment of retirement benefits for employees including defence and railways personnel,” an official involved in the discussion said. With the fiscal consolidation high on the government's agenda, this deferment would come handy.

There’s some flip side too if the retirement age is extended by two years. Those officials empanelled as secretaries and joint secretaries would have to wait.longer to actually get the posts. And of course, there is the issue of average age profile of the civil servants being turning north.

It is also felt that any extension is not being fair with a bulk of people who still look for jobs in the government.

However, officials point out that at least it prevents an influential section of the bureaucracy to hanker for post-retirement jobs with the government like chairmanship of regulatory bodies or tribunals.

“As it is, a sizeable section of senior civil servants work for three to five years after the retirement in some capacity or the other in the government,” said a senior government official. The retirement age of college teachers and judges are also beyond 60.

As per a study, the future pension outgo for the existing Central and State government employees is estimated at a staggering R1,735,527 crore or 55.88% of GDP at market..

source:The Financial Express

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