Seventh Pay Commission To Offer No Change In Retirement Age.
New Delhi: The Seventh Pay Commission is likely to offer no change in retirement age of central government employees.
The central government employees’ bodies had written to the
Pay Commission asking it to consider the possibility of enhancing the
retirement age of central government employees.
Sources said that the Pay Commission, after examining the
issue, has kept the retirement age of Central government employees
unchanged at 60 years.
At present, the retirement age of central government
employees is 60 years and the central government employees’ bodies are
pressing hard to enhance it to 62 years.
Those in the know have informed that the pay commission has
kept the retirement age of Central government employees unchanged based
on many considerations including the large financial implications
involved in implementing such a decision.
An official with the Commission said that the Commission
would like to keep the retirement age of Central government employees
unchanged at 60 years. “If we lower the age limit, the pension burden
will bust the government’s medium-term fiscal targets,” he had said.
Earlier, the media had rumoured that the pay commission is
planning to recommend the retirement age of Central government employees
as the completion of 33 years of service, or at the age of 58,
whichever comes first.
However, the pay commission denied the speculation through
media, “we are not going to either recommend lowering or raising the
retirement age. If we lower the age limit, the pension burden will bust
the government’s medium-term fiscal targets,” the official with the
Commission added.
The Seventh Pay Commission, headed by Justice A K Mathur,
was appointed by the previous UPA government in February 2014 and its
recommendations are scheduled to take effect from January 1, 2016.
Meena Agarwal is the secretary of the Commission. Other
members are Vivek Rae, a retired IAS officer of 1978 batch and Rathin
Roy, an economist.
The Seventh Pay Commission was appointed for 18 months, its
terms was extended in August 2015 by four months till December 31,
2015.
The government constitutes the Pay Commission almost every
10 years to revise the pay scale of its employees and often these are
adopted by states after some modifications.
As part of the exercise, the Commission holds discussions
with various stakeholders, including organisations, federations, groups
representing civil employees as well as Defence services.
The Sixth Pay Commission was implemented with effect from
January 1, 2006, the fifth from January 1, 1996 and the fourth from
January 1, 1986.
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