Retirement Age 62 and 10% DA from Jan 2014 - Cabinet expected to clear on Friday (28.202014)
Retirement Age 62 and 10% DA from Jan 2014 - Cabinet expected to clear on Friday (28.202014)
As per media news, Union cabinet is going to meet on Thursday or Friday(27th or 28th Feb. 2014) and the Cabinet is expected to clear two main agenda points in the meeting as follows...
One is Retirement Age 62: Retirement age of Central Government employees will increase by two years from 60 to 62 with effect from 1.3.2014.
Additional 10% DA from 1.1.2014 : 10% of Additional Dearness allowance from 1.1.2014 to all Central Government employees and pensioners, may be declared in the meeting.
Updated news...
As per media news, Union cabinet is going to meet on Thursday or Friday(27th or 28th Feb. 2014) and the Cabinet is expected to clear two main agenda points in the meeting as follows...
One is Retirement Age 62: Retirement age of Central Government employees will increase by two years from 60 to 62 with effect from 1.3.2014.
Additional 10% DA from 1.1.2014 : 10% of Additional Dearness allowance from 1.1.2014 to all Central Government employees and pensioners, may be declared in the meeting.
Updated news...
Government has decided to raise the Retirement age to 62
What is the background behind this news?
Right now, the retirement age for Central Government employees is 60. While news has circulated that the Government has decided to raise the age to 62, no decisions have been made regarding this during the Cabinet Committee meeting that was held on 28.02.2014. There also have been no reports of any discussions on this issue.
It has become almost a routine for such stories to circulate each year, only to be followed by statements that they were mere rumours. But, it is interesting to note that this year, it looked as if the story might have some truth in it.
Two reasons could be attributed for the spreading of the story this time –
Firstly, the fact that recommendations have been made to raise the retirement age for the Parliamentary Committee to 65.
Then, there are the fast-nearing Lok Sabha polls.
The spate of rumours began ever since the Parliamentary Committee submitted its report to the Central Government in the first week of February. One of the points mentioned in it was its recommendation that the retirement age for Central Government employees be increased to 65.
It has to be stressed very strongly here that none of the central government employee unions or federations had presented any demand seeking a hike in retirement age.
Initial reports said that raising the age to 65 was impossible, however, it could be revised to 62.
Then, rumours began about the date of implementation of this decision. With that the excitement and buzz increased. Persons with contacts in the power circles first began writing in various forums that the decision would be implemented as of January 1st later became March 1, 2014.
Many were angry when they were told that that decision wouldn’t apply for those retiring in February! When the decision was made in February to be implemented in March, it should also be applicable for those who retired in February, they protested!
Opposition to the decision to raise the age of superannuation also began to grow. Tempers began to flare up. A number of people who opposed this decision began to write angry articles.
Unemployment would increase.
Promotions would get affected.
Retirement age should be fixed at 55...etc.
Countless such opinions appeared at various forums. Heated debates ensued.
Soon, the noise became so loud that even leading newspapers, magazines, blogs and websites couldn’t ignore it any longer and were compelled to carry this news.
Due to the elections!
The argument, that the Government was making all these populist decisions in order to win the support of a segment of the voters, was very convincing. Proof of this fact is the series of heated discussions and the subsequent withdrawals of strike notices by various organizations.
Also, the argument, that the decision regarding this issue has to be made before the MODEL CODE OF CONDUCT was enforced, made it all the more believable.
Finally, since the CABINET COMMITTEE meeting of 28.02.2014 was going to be the last one to be called by this UPA Government, and since the decision had to be made before the election rules and regulations came into effect, there was excitement and tension in the air.
Central Government employees all over India were eagerly waiting for the Cabinet decision and announcement in this regard.
As hours went by, at around 12 PM, it was announced that a decision has been made to issue 10% Dearness Allowance. Then, for a number of hours, there was nothing. Even after it was announced that the session had ended, it was saddening to see a section of the people waiting hopefully, asking questions.
After raising the expectations of countless people who were waiting for announcements on decisions regarding 10% Dearness Allowance, 50% D.A Merger, Consent to 7th CPC ToR, and to raise the retirement age to 62, the meeting ended, leaving them more confused than before.
There was no information regarding RETIREMENT AGE...!
Some were relieved that the retirement age was not raised...!
It looked as if some were wondering if they deserved to be treated this callously...!
Some even believe that it was a sly Government ploy to escape from the pressure that all the Central Government employee unions and federations would exert.
It is now being said that at the CABINET COMMITTEE meeting, they suggested that the increase expenses due to 50% DA Merge could be compensated by raising the RETIREMENT AGE, but, at the face of intense opposition, both these proposals were dropped.
Now, nobody is ready to believe anything!
TOP ARTICLES - EXCLUSIVE NEWS |
50% DA Merger – A Sad End to A Demand...! On 01.01.2011, DEARNESS ALLOWANCE crossed 50%. It started from '0' in 2006 and, within 5 years, i.e., in 10 instalments, it has completed 50%. Read more... |
Government has decided to raise the Retirement age to 62 What is the background behind this news? Read more... |
EXPECTED DEARNESS ALLOWANCE FROM JULY 2014 This is the first thing that all Central and State Government employees alike would eagerly like to know! Read more... |
DA CALCULATION SHEET We are proud to be the first to formulate the DA Table. Read more... |
7th PAY COMMISSION NEWS Prime Minister Approves the Constitution of Seventh Central Pay Commission Read more... |
LEAVE TRAVEL CONCESSION Will Air Travel Continue for the Next 2 Years? Read more... |
100% D.A from January 2014 – Some Allowances and Advances Rise by 25% The Fifth Central Pay Commission had recommended uniform neutralization of DA at 100% to employees at all levels Read more... |
Will 7th CPC Add Lustre to the CHILDREN’S EDUCATION ALLOWANCE & HOSTEL SUBSIDY SCHEME? It was only in the 6th CPC that the CHILDREN’S EDUCATION ALLOWANCE & HOSTEL SUBSIDY was introduced to Central Government employees. Read more... |
5th CPC had ACP, 6th CPC had MACP; what does 7th CPC have? Assured Career Progression (ACP) is a boon to employees who have been suffering without promotions for years. Read more... |
LIST OF HOSPITALS / DIAGNOSTIC CENTRES EMPANELLED UNDER CGHS The “Central Government Health Scheme” (CGHS) provides comprehensive health care facilities for the Central Govt. employees and pensioners and their dependents residing in CGHS covered cities Read more... |
Possibility to announce Interim Relief before elections Proposals of Enhancement of Retirement age and Merger of D.A may not materialize Read more... |
Comments
2. Economically the employees would be in better position due to this rise of the age of superannuation
3. The pension amount and the other beneficiaries would also increase along side
4. There this chance of imparting fruitful experience to the subordinates or new recruit by those benefitted by rise in retirement age
5. More over there is chance of getting an additional MACP by the central govt employees
6. A good health psychological effect would prevail in their minds due to this boon of rising their retirement age and thus removing their fatigue
UPA government should drop this issue,instead of retirement age they should concentrate on creating job opportunities for youngsters.
during there youth retired person are going to work after 62 for nothing.
Youngsters will remain unemployed for two more years
Financial burden on exchequer will be greater due to higher salries of senior employees.
Retirement benefits will be defered but this may be treated as defered fiscal deficit
Congress government is completely paranoid and had lost hope for itself and hell bend to destroy the financial health further may be beyond repairs for years alltogether
Youngsters will remain unemployed for two more years
Now if you want to increase the retirement age 62 yrs than Apply "33 yrs of service or 62 yrs of age which aver is earliest" because in 33 yrs every one gating full pension benefits
Youngsters will boycott Congress !!!!
THEY HAVE NEVER THOUGHT OF THE PLIGHT OF THE UNEMPLOYED YOUTH ESPECIALLY WHO ARE ON THE VERGE OF THEIR MAXIMUM AGE LIMIT FOR GOVERNMENT EMPLOYMENT. BY EXTENDING TWO YEARS, RECRUITMENT WILL NOT BE MADE FOR THOSE POSTS AND BY THE TIME THE ASPIRING UNEMPLOYED YOUTH WILL CROSS THE UPPER AGE LIMIT FOR THE GOVERNMENT EMPLOYMENT. I AM COCKSURE THAT NO YOUTH WILL VOTE FOR CONGRESS. I AM ALSO A GOVERNMENT EMPLOYEE. RETIREMENT AGE SHOULD BE REDUCED TO 58.
To use experience of retired employees with good record, provision of contractual engagement may be promoted.
But the same can be considered for deficit groups
(manpower) leaving other groups for fresh recruitees.
I guess the news related to hiking of age was again a rumour...age is as it is 60