The Motive behind Reducing Retirement Age for Central Government Employees – An Analysis

For a few weeks now, reports have been surfacing that the Centre is giving serious thoughts about reducing retirement age of Central Government employees from 60 to 58.

The truth behind these series of rumours couldn’t be found yet. There is no official sand on this either.

The news was first published by popular English daily newspaper. Without any official source to confirm it, the article analyzed the issue from various perspectives. It was presented in a manner that was acceptable by most.

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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

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