No Plans to Reduce Retirement Age – Centre clarifies
The Centre has clarified in the Parliament that there are no plans to reduce the retirement age for Central Government employees. The Minister Dr. Jitendra Singh had said this via a written reply to a query in Rajya Sabha yesterday.
The Minister has already clarified that there are no plans to increase the retirement age to 62 in Rajya Sabha on 11th December 2014.
This puts to rest speculations that had been making the rounds for a number of weeks now.
The Minister also presented the details of the money spent as payment for the Central Government employees. According to his reply, Rs. 85,963.5 crores was spent in 2010-11; Rs.92,264.88 was spent in 2011-12; and Rs. 1,04,759.71 was spent in 2012-2013 for payments to employees of various Central Government organizations running all over the country.
To the question raised by Mr. Sardar Sukhdev Singh Dhindsa, Dr. T. Subbarami Reddy and Mrs. Ambika Soni, Minister Dr. Jitendra Singh said that as per the recommendations of the 5th Pay Commission in 1997, the retirement age of Central Government employees was raised from 58 to 60.
The Pay Commission has the power to recommend an increase or decrease in the retirement age for Central Government employees. Will the 7th Pay Commission make any recommendation in this regard?
One has to wait and watch.
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I am Central govt employee retiring 0n 31st May 2018 on completion of 60 years of age. I am retiring before my increment which is due on 01 July 2018 and 3rd MACP. which is due on 22 Oct 2018. Has there any provision in 7th pay commission to get the benefit of increment as well as MACP for such employees..
i am drawing a basic of Rs.16,660/- including a grade pay of Rs.4200/- how much will i get my basic in 7th pay