Improvement of retirement age of PSU Bank Officers

Enhancement of retirement age of PSU Bank Officers

The CEO&MD and DMD of Industrial Finance Corporation of India Ltd. (IFCI Ltd.) were appointed with effect from 12.12.2013 for a period of three years. IFCI became a Government Company with effect from 07.04.2015. The Appointments Committee of Cabinet has approved the continuation of CEO&MD and DMD of IFCI Ltd. beyond their age of superannuation till the completion of their contract period i.e. upto 11.12.2016.

This information was given by Minister of State for Finance in a written reply in Rajya Sabha on 1st December 2015.

Authority: Rajya Sabha Official Website

Seventh Pay Commission recommendations on Retirement Age

7th Pay Commission recommendations on Retirement Age

7th Pay Commission recommendations on Retirement Age of CRPF, BSF, ITBP and SSB. Enhancement of Age of Retirement from Existing 57 years to 60 Years of Age

This demand has been made by CRPF, BSF, ITBP and SSB. As per the existing position the age of retirement in Assam Rifles and CISF is 60 while it is 57 in rest of the CAPFs up to the rank of Commandants. DoPT has stated that although the issue was dealt with by the V and the VI CPCs, neither of the Commissions recommended any changes in the age of superannuation. MHA has also declined to enhance the age of superannuation on the ground that the age of retirement has been fixed depending on operational need of that particular Organisation.

Having considered the entire position and the views of MHA and DoPT on this issue, the Chairman, Seventh CPC feels that the grounds stated for justifying differential age of superannuation are not very convincing. Further, members of the CAPFs squarely form a part of the civilian work force. Hence, the Chairman recommends a uniform age of superannuation of 60 years to all CAPFs. Dr. Rathin Roy, Member, Seventh CPC is in

agreement with this recommendation.

However, Shri Vivek Rae, Member, Seventh CPC has not agreed with this recommendation for the following reasons:-

a. Ministry of Home Affairs is of the considered view that the age of superannuation cannot be enhanced from existing 57 years to 60 years for all ranks of CRPF, BSF, SSB and ITBP. Force personnel up to the rank of Commandant have operational/combat roles in the field, which require higher physical fitness and efficiency. The higher ranks of DIG and above in these four CAPFs are more supervisory and administrative in nature, which do not require physical fitness of the level required in field units. Therefore, in the ranks of DIG and above in the four CAPFs, the age of retirement is 60 years, while for ranks till the level of Commandant, the retirement age is 57 years.

b. Stipulating a lower age of superannuation up to the rank of Commandant in these four CAPFs is a well thought and conscious decision of the government based on ground realities and as per the administrative and operational requirement of the forces. Even in the Army, there are different ages for retirement, which increase in accordance with rank.

c. MHA has further observed that it is not correct to say that in Assam Rifles the age of retirement up to the rank of Commandant is 60 years. Assam Rifles is officered by the Army, and the retirement age at the level of Colonel is not 60 years but 57 years.

d. CAPFs like ITBP, BSF are posted on border/high altitude/difficult terrain duties and CRPF is generally deployed for internal security duties and CI operations. Hence their functional profile is more akin to Army, justifying younger age of the Force. Thus, 57 years in other CAPFs and 60 years in CISF is commensurate with the different roles assigned to them.

No problem with OROP to paramilitary, raise retirement age to 60

No problem with OROP to paramilitary, raise retirement age to 60

Ex-servicemen demanding the for One Rank One Pension (OROP) scheme here on Monday said they have no problem with the paramilitary forces also asking for it, but then they would also demand that the retirement age of soldiers be raised to 60.

“As far as we are concerned, all have the right and will be rather happy. But we would then demand government to permit us to serve till 60 years of age,” Group Captain (retd.) VK Gandhi, general secretary of the Indian Ex-Servicemen Movement told IANS at Jantar Mantar here.

“Soldiers are forced to retire at 40 (years)… A person who retires at 40 years, gets Rs 8 crore less than one who retires at 60 years,” he said.

While the retirement age for civil servants is 60 years, 85 percent of the soldiers are compulsorily retired aged between 35 to 37. Another 12 percent to 13 percent soldiers aged between 40 to 54, as per estimates.

Read more at : http://www.business-standard.com/

Revising Retirement age does not come under the 7th Pay Commission.

Revising Retirement age does not come under the purview of 7th Pay Commission.

Recently the news about retirement age is blown out of proportion in Social Media. In Social Media it has been signaled casually that the retirement age will be brought down to 58 years. Initially it was said that 7th pay commission going to recommend the criteria for retirement age as either 33 years of Service or 60 Years of age whichever comes first.

And gradually it is reduced to 58years of age or 33 years of service and finally ends up with 30 years of service or at the age of 55 years.

7th pay commission Vs Retirement Age

Does it worth to believe the news circulated in social media about 7th pay commission recommendation and retirement age..? We asked the Federation sources about this and they want to maintain anonymity told that it depends upon the individuals to decide whether it is true or not. We should not blame the media for everything. We should be able to know the difference between the news and rumors.

One of our Sources told that revising the retirement age will not fall under the purview of Pay commission. It should be decided by central government only. No Pay commission has recommended anything about Retirement age so far.

Federation Leaders were asked about this retirement age issue, when it became sensational in Print and e-Media, why don’t they come forward to clear the doubts on this sensational issue?. They told that they didn’t want do give importance to the rumors and hear says.

They said, “We need to clarify the doubts of our cadres across the country whenever it was rumored in social media about their service related sensational issues. But when sensational becomes routine, it’s not our business to respond to such hearsays on daily basis”

“As far as retirement age is concerned we know that 7th pay commission cannot recommend revising the retirement age of central government employees, since it does not fall under the purview of 7th Pay Commission. Even we won’t accept it if the central government tries to reduce the retirement age,” the sources added.

Source: http://govtstaffnews.in/

50% DA Merger and Retirement age 58 : Rumor Spreading in Social Networks

50% DA Merger and Retirement age 58 : Rumor Spreading in Social Networks

Order for Merger of 50% DA, Retirement age news.

Recently rumour mill went overdrive in social media with the following news that

1. Central Government decided to merge 50% DA with basic pay with effect from 1.1.2015.

2. It went on to say that age of Retirement will be on completion of 33 Years of service or at the age of 58 Years whichever is earlier.

The 7th CPC is expected to submit its report shortly and due to Bihar elections the Central Government cannot take any policy decisions in this regard. Hence it is clarified that none of the above news are correct.

Source: http://karnatakacoc.blogspot.in/

7th CPC - Regularisation of Retirement Age

7th Central Pay Commission – Regularisation of Retirement Age?

As the recommendation and implementation of the 7th Central Pay Commission is eagerly awaited by the central government employees, some points in the recommendations are slightly leaking in..It may not be authentically correct.

According to information from various sources, the Pay Commission may fix the minimum basic pay at Rs. 15000/- and it is assumed that a huge increase in the salaries of the employees cannot be expected. The term of the commission was extended for four months and they are in full swing giving final touches to the report to be submitted to the central government by the end of December 2015.

One more recommendation which is said to be an important one, is the regularisation of retirement age for the Central Government Employees. The Commission may recommend that an employee should retire after completing 33 years of service or at the age of 60 whichever comes first. For instance, if an employee joins a central government establishment at the age of 23, his retirement age will be 56. If this recommendation is true, it will definitely create panic among the employees and it will not be a wise decision by the pay commission. All Federations and Associations will strongly oppose these type of recommendations…

The 6th CPC had brought various changes in the Pay Structures and introduced Grade Pay. There was a moderate increase in the Basic Pay, House Rent Allowance and re-imbursement of tuition fees was also introduced. The minimum basic pay was Rs.5200+Grade Pay 1800=Rs. 7000/- while it was Rs. 2650/- in the 5th CPC.

Further, it is also said that, the 7th CPC may abolish the 6th CPC’s Pay Scales and may bring back the old pay scales. The overall increase in the Pay Scale will be around 15% to 20%…

Let us wait and see for the ultimate results…!

Source: http://www.govtstaffnewsportal.in/2015/09/14/7th-central-pay-commission-regularisation-of-retirement-age/

Seeking Merger of DA and Oppose reduce the Retirement age - Delhi Pradesh Congress Committee (DPCC)

Seeking Merger of DA and Oppose reduce the Retirement age – DPCC

Maken to sit on dharna

Delhi Pradesh Congress Committee president Ajay Maken along with a large number of party workers will sit on a daylong dharna tomorrow at Jantar Mantar seeking merger of Dearness Allowance (DA) with basic pay and also to oppose the move by the BJP-led Central Government to lower the retirement age of government employees.

DPCC chief spokesperson Sharmistha Mukherjee said party workers, government employees, teachers, pensioners and others will join Maken in the dharna to press their demand for merger of DA with basic pay and also to oppose the move to lower the retirement age of government employees.

Addressing a press conference, Mukherjee said the Congress would be seeking the merger of 100 per cent DA with basic pay, which is 113 per cent as on January 1, 2015. The Congress-led UPA II government was to take a decision on merger of DA with basic pay, but due to the announcement of the general elections, it had to be deferred.

Read more at The Tribune

Central Government Employees - Retirement Age Controversy Begins Again

Retirement Age Controversy Begins Again

Retirement Age of Central Government Employees Controversy Begins Again

“Retirement age for Central Government employees is 60 years now. It was raised to 60 from 58 in 1998(Dopt order), when the then NDA Government led by Atal Bihari Vajpayee”

Last year, there were rumours that the centre was planning to raise the retirement age from 60 to 62. This time, retirement age makes headlines one again that the superannuation age may be decreased to 58.

Last week the most popular website for CG Employees, www.gservants.com has published an article about the recommendations of 7th CPC, as unconfirmed news. In this, 7th CPC may recommend for reduce in age of retirement of CG Employees will be in two criteria. The retirement age as the completion of 33 years of service, or at the age of 60, whichever comes first. The panic was further increased by similar claims on Facebook and Whatsapp also, because the criteria for retirement as at the age of 58 or completion of 33 years.

If an employee joins central government services at the age of 27, he would complete 33 years of service at the age of 60. If he had joined the services before the age of 27, his position becomes tricky. If someone joins the central government services soon after graduation, at the age of 20, he will be forced to retire at the age of 53.

On the internet, this condition was distorted as 33 years of service or 58 years of age, whichever comes first. This caused great worry to all because the 60/33 rule would affect only those who had joined the service before the age of 26, but the 58/33 rule would lead to all those who had joined after the age of 28 to lose two years of service. Also worth noticing is the fact that the service period is very short in such cases.

Nobody is sure yet if the 7th Pay Commission will include the recommendations on retirement age in its report to the government. But, discussions were held on this issue. There is no information about when the decision will be implemented.

Before May 1998 – 58 Years

After May 1998 – 60 Years and …!

Reducing 60 to 58 is like ‘losing the sword and growing the tail.’

Source: www.cgstaffnews.in

RETIREMENT AGE OF KERALA STATE GOVERNMENT EMPLOYEES – 10TH PAY REVISION COMMISSION MAY RECOMMEND TO HIKE TO 58 YEARS

Hike in Retirement age of Kerala State Employees – 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.

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