The government is planning to extend the retirement age of all central government employees by two years from the current 60 to 62 years. Sources said that an in-principle decision has been taken in this regard and the department of personnel and training (DoPT) has begun the work to implement the same. A formal announcement to this effect is expected this year itself.
The last time the government extended the retirement age of central government employees was in 1998. It was also a two-year extension from 58. This was preceded by the implementation of the 5th Pay Commission, which had put severe strain on governments finances. Subsequently, all state governments followed the Centres policy by extending the retirement age by two years. Public sector undertakings followed suit too.
As per a study, the future pension outgo for the existing Central and State government employees is estimated at a staggering R1,735,527 crore or 55.88% of GDP at market prices of 2004-05.
| No | Head lines | Link |
| 1 | PROPOSAL TO REDUCE RETIREMENT AGE | Click here |
| 2 | COMPULSARY RETIREMENT TO CENTRAL EMPLOYEES | Click here |
| 3 | Retirement to Central Government Employees on the Basis of their Efficiency may be a Difficult Task for the Government | Click here |
| 4 | REDUCE THE RETIREMENT AGE FROM 60 TO 58 | Click here |
| 5 | Increase retirement age of government employees to 62 | Click here |
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