Retirement age for central government employess raised to 62 – from 1st March
Posted on: 26/Feb/2014 3:20:38 PM
It has been announced that the retirement age for the central government employees has been raised from 60 to 62. This will be effective from 1st march, 2015. A decision will be taken during the cabinet ministers’ meeting scheduled on 27th March.
The detailed announcement will be released by the 7th wages recommendation committee. Some ad hoc interim payments will be made awaiting the release of the wage revisions. However, the retirement age revision will not apply to those who are set to retire on or before 28th March, 2014.
A 10% raise in Dearness Allowance is also expected. It is likely that 50% of the revised DA will be transferred to the Basic Pay.
This will benefit 50,00,000 central government employees and 30,00,000 retired employees.The full details are to be announced before the Parliamentary electon without affecting the Election Rules & Regulations.
