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CPSE Pay Revision 2017 – Retirement Age Recommendations

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.

More recommendations…
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

CPSE Revised Pay Tables

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