Latest Retirement Age News – 10th Pay Revision Commission may recommend to hike to 58 years
According to recent reports published in the ‘Manoramaonline’, the 10th Kerala Pay Revision Commission expected to recommend to hike in retirement age for Kerala State Govt employees by two years from 56 to 58.
Kerala may raise retirement age to 58
“Thiruvananthapuram: Increasing the retirement age for Kerala government employees by two years to 58 may be one of the recommendations of the 10th Kerala Pay Revision Commission. The commission, led by Justice C.N. Ramachandran Nair, will submit its report on July 10.
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The commission is expected to recommend the increase of retirement age to balance the extra burden on the treasury due to a pay rise across the board. The report recommends a minimum salary of Rs 16,000 and a maximum salary of Rs 1 lakh for employees.
The youth wings of all political parties are against increasing the retirement age in the government service. Even the United Democratic Front government’s policies do not favour later retirement. The retirement age was raised to 56 from 55 during the previous Left Democratic Front rule.
Other recommendations include lowering the minimum eligibility for full pension to 25 years in service from the present 30. Full pension is equivalent to half of the basic pay. The report would also have recommendations intended to raise the efficiency of the employees along with their pay scale.”
Read more at www.english.manoramaonline.com