NO PROPOSAL TO REDUCE RETIREMENT AGE.

NO PROPOSAL TO REDUCE RETIREMENT AGE.

The central government have clarified that there is no proposal to reduce the retirement age of employees from 60 to 58 years. The information was given in a written reply in Rajya Sabha, Minister of State for Personnel, Public Grievances and Pensions, Jitendra Singh said, "The retirement age for Central Government employees was revised from 58-60 years in 1997 on the basis of recommendations of the fifth Central Pay Commission," and that there is no such proposal "at present" to reduce the age.

Earlier there were media reports that the government is proposing reduction in retirement age of the employees to 58.

The Minister also said that the total wage bill of central government employees in 2012-13 was Rs 1.04 lakh crore whereas in 2011-12 it was Rs 92,264.88 crore and in 2010-11 it was Rs 85,963.50 crore.

The details in the reply showed the highest wage bill was that of the railways which incurred Rs 38,560 crore (almost 38 per cent of total wage bill) in 2012-13, Rs 35,097.08 crore in 2011-12 and Rs 33,580.41 crore in 2010-11.

Followed by the railways, the home department had the next highest wage bill of Rs 25,113.14 crore in 2012-13, Rs 20,036.76 crore in 2011-12 and Rs 17,809.16 crore in 2010-12, he said.

The Minister said defence (civil) had the third highest wage bill with Rs 14,502 crore incurred in 2012-13, Rs 13,102.38 crore in 2011-12 and Rs 12,127.92 crore in 2010-11.

The cumulative wage bill for three departments was Rs 78,175 crore which comes to about 78 per cent of the total wage bill of over Rs one lakh crore incurred in 2012-13