ELECTIONS '98
COMMENTARY
SPECIALS
INTERVIEWS
CAPITAL BUZZ
REDIFF POLL
DEAR REDIFF
THE STATES
YEH HAI INDIA!
ARCHIVES

Public sector units staff retirement at 60

The Union government today decided to enhance the retirement age of central public sector enterprises employees from 58 to 60.

An official announcement said that this would not apply in the cases of those employees who had already retired or those who were on an extension in service or those who were governed by specific rules and regulations.

The announcement also said that there would be a complete ban on extension of services beyond the age of superannuation at 60.

According to the industry ministry, the decision would come into force from the date the public sector enterprises amended their rules and regulations to this effect.

Consequent to this enhancement of retirement age, public sector enterprises would review the vacancies arising from retirement in regard to direct recruitment and promotion so that there would be no over-recruitment or litigation leading to creation of supernumary posts.

All the employees below board level would retire on the afternoon of the last date of the month when he or she attained the age of 60.

However, employees below the board level, whose date of birth is the first of the month, will retire from service on the afternoon of the preceding month on attaining the age of 60 years.

The industry ministry has requested other ministries and departments to communicate these decisions to the enterprises under their administrative control.

EARLIER REPORT:
Government raises retirement age to 60

Tell us what you think of this report