CPSE Pay Revision 2017
Retirement Age Recommendations
Retirement Age : Government had taken the decision to increase the age of retirement from 58 to 60 years of Board level and below Board level employees of CPSEs in 1998.
As regards the sick / unviable CPSEs, the age of retirement can be rolled back from 60 to 58 years, as well as enhanced from 58 to 60 years provided that sick CPSEs have started making profit and are meeting the laid down conditions, subject to approval of the specified Competent Authority.
The Committee recommends no enhancement in the retirement age for the CPSE employees.
However, the Committee is also of the view that in consideration of general increase in life expectancy and to draw maximum benefit of much required experienced manpower, the Government may consider to enhance the retirement age of CPSE executives placed at higher / senior level grades.
|Revised Pay Scales effective from Jan 2017|
|Fitment Benefit and Methodology – Click to read more|
|Calculation of Annual Increment – Click to read more|
|Dearness Allowance Calculation – Click to read more|
|Rates of House Rent Allowance (HRA) – Click to read more|
|Perks and Allowances – Click to read more|
|Retirement Age Recommendations – Click to read more|
|Bunching of Pay – Click to read more|
|Retirement Benefits – Click to read more|
|Voluntary Separation Scheme (VRS) – Click to read more|
|Leave Regulations – Click to read more|
|Leased Accommodation – Click to read more|