No proposal to Increase the age of retirement from 60 to 65: Govt. replied in Parliament.

   In reply of question "whether the Government proposes to increase the age of retirement of Government employees from 60 to 65?" asked by Shri Mahabal Mishra in last session of Lok Sabha, the Minister of Personnel, Public Grievances and Pensions Shri. V. Narayanasamy has replied that there is no such proposal 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.

Restrictions on top level executives of Central Public Sector Enterprises (CPSEs) joining private commercial undertakings after retirement.

No. 2(22)/99-GM
Government of India
Ministry of Heavy Industries and Public Enterprises
Department of Public Enterprises

Block No.14, CGO Complex,
Lodi Road, New Delhi-110003
Dated the 7th January, 2013.

OFFICE MEMORANDUM

Subject: Restrictions on top level executives of Central Public Sector Enterprises (CPSEs) joining private commercial undertakings after retirement.

   The undersigned is directed to refer to this Department’s O.M. of even number dated 15th May, 2008 (copy enclosed) on the subject mentioned above.

   2. The Government has reviewed the position regarding time limit of 30 days for concerned administrative Ministry/Department to communicate the decision on the application(s) seeking permission to accept any appointment/post after retirement in view of the fact that in many cases, a functional Director/CMD would have worked in more than one CPSE during the last five years preceding the retirement and therefore the concerned administrative Ministry/Department would require more than 30 days to consider all aspects/factors as brought out in O.M. dated 15th May, 2008 before arriving at a final decision on such applications. It has accordingly been decided to revise Para 7 of the DPE O.M. dated 15th May, 2008 laying down time limits to read as follows.

Is Central Government Employees retirement age raising?

   Is raising retirement age of Central Government Employee a threat for employment prospects of youth ?

   At the end of Every Year people used to talk about the proposal of raising the retirement age of government servants. Normally the people who are at the verge of retirement from government service are eagerly expecting the government to increase the retirement age. The Government servants especially those who are in the pay structure of Pay band –I will have to face financial burden as the Pension amount they will be paid after commutation will be very meager and it is not sufficient enough to meet their expenses of day to day life. Because the Government employees those who are drawing grade pay of Rs.1800/-, 1900/-, 2000/-, 2400/-and 2800/- will get only around Rs.20000 as the gross salary of every month. It is understood that one cannot lead a financially successful life with this income alone. So many government servants, to run the life, forced to avail loans from where ever they can get. At the end, they are badly in debt at the time of retirement.

Retirement age of Eastern Region Company employees will be 60 years.

 

   Retirement age of Eastern Region Company employees will be 60 years. Decision taken at 56th meeting of Board of Directors

   Several important decisions were taken at the 56th meeting of Madhya Pradesh Eastern Region Power Distribution Company’s Board of Directors at Jabalpur today. At the meeting, decision was taken to increase retirement age of employees from 58 to 60 years. Resolutions passed at the meeting will be put forth before the cabinet through the department.

   The meeting also gave in-principle consent to proposal of starting new incentive scheme for employees who perform outstandingly in feeder separation, R-APDRP and revenue collection sectors. Decisions were also taken on fill up posts of law officer and legal assistant through departmental employees, constitution of 24 more flying squads in addition to existing ones, availing services of ex-servicemen for vigilance work and establishment of company’s 53 distribution division at Amarpatan tahsil headquarters in Satna district.

Government Formulating Policy for Raising Retirement age in Sick & Loss Making CPSEs.

   On the basis of recommendations of Board for Reconstruction of Public Sector Enterprises (BRPSE), the Department of Public Enterprises (DPE) is formulating a policy for enhancement of age of superannuation from 58 to 60 years for employees of such sick and loss making Central Public Sector Enterprises (CPSEs) whose revival packages have been approved by the Government and which will continue to be in Public Sector after implementation of revival package. The above policy would be notified after inter-ministerial consultations and approval of competent authority.

   The above information was given by the Minister for Heavy Industries & Public Enterprises Shri Praful Patel in a written reply in the Lok Sabha today.

PIB