Pros and cons of raising the retirement age of Central Government Employees
Retirement Age for Central Government employees to enhance by two years from 60 to 62..!
Last week, the important decision was expected by the Cabinet Committee,
which was held on 4th June 2013, but no decision taken in the meeting.
Though the media and websites are still spreading the news that the
"Government has already taken in principle decision to increase the
retirement age for two years and the implementation will also be within
this year". The intense debate is going on about this issue, a website
published an article of advantage and disadvantages of the decision.
Retirement age 62 for central government employees a exclusive review
Impact of raising retirement age from age 60 to 62
It has been seen that one of the long time waging demand of raising the
retirement age of govt employees has finally caught afire...
Through the Medias and blogging sites re abound with news that the
cabinet would announce news regarding the retirement age yet it has not
been finalizes.
Even then it has been come to known that a favourable decision would be
put forth regarding this issue due to the oncoming Lok Sabha and three
state assembly elections.
In India the retirement ages of most of the state government employees
range from 58 to 60. This is low in comparison to the government
employees of foreign nation.
We shall see the effect of raising the retirement age in the following passage
Advantages :-
1. If only 7th pay commission would be implemented in the year 2016
those retiring in the year span 2014 -2016 would be greatly benefitted.
2. Economically the employees would be in better position due to this rise of the age of superannuation
3. The pension amount and the other beneficiaries would also increase along side
4. There this chance of imparting fruitful experience to the
subordinates or new recruit by those benefitted by rise in retirement
age
5. More over there is chance of getting an additional MACP by the central govt employees
6. A good health psychological effect would prevail in their minds due
to this boon of rising their retirement age and thus removing their
fatigue
Disadvantages :-
1. Promotion would be greatly affected due to no retirement in the long span
2. Unemployment would come in to being due to the increase in retirement age
3. Output of work would be greatly affected if the retirement age of unhealthy employees would be increased.
This announcement would not be received in praise among those searching
for employment in general, Moreover among the retirement employees this
decision is receiving a mixed response as some welcome while others
detest it.
Recently a senior officials of DOPT has commented that there is no proposal about enhancement of retirement age of central govt employees from 60 to 62 years. But this is not correct. As this proposal has been initiated by Congress Party. Recently Delhi Cabinet has increased the retirement age of Teachers to 65 years. As per survey though few young employees are not in favour of enhancement of age but maximum employees are in favour of enhancement. The youngsters are also very interested because there future will be protected by such enhancement.