Union government requires retirement age 62
The Union Government is seriously considering raising the retirement age to 62 for Central Government employees. Obviously, if the Congress announces this before the Lok Sabha polls, it could expect a sizeable vote share. North Block, which houses the Union Ministry of Finance would be more than happy to have 62 years as the retirement age because for next two years the pension funds can accumulate.
The UPA2 also wants to put the next government in fiscal tight spot, or what is called the War Room effect of the AICC.
Source: www.news.rediff.com
[http://news.rediff.com/commentary/2013/may/27/union-government-wants-retirement-age-62/bb31a983bae7063849ed4600a9e9ffbd]
Amal Dasgupta says
Its a great thinking about this matter but who will be eligible to get this plan of 62yrs if they retire on APRIL14?
Amal Dasgupta says
I want to mean if any govt.servant retires on April'2014 whether they will get this option of 62 years which may be taken by the government of India in coming months or so.