Tag Archives: retirement age.

No proposal to change the Retirement Age – Minister in Parliament

22 Thursday Mar 2018

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Govt has declared in Lok Sabha that there is no proposal to change the Retirement Age

There was a rumour which was continuously doing the rounds that government will reduce the retirement age of Central Government Employees. But today the central government has put an end to this story by announcing in Lok Sabha that there is no proposal to change the retirement age.

A Question regarding the proposal to change the retirement age was raised by Mrs.Banshilal Mahto M.P in the Lok Sabha.

In his reply to that Question, the Minister of State in the Ministry of Personnel, Public Grievances and Pensions Shri. Dr. Jitendra Singh informed that Government has no proposal to change retirement age of Central Government employees. (Press Report)

DOT asks MTNL to reduce retirement age from 60 to 58

04 Tuesday Jul 2017

Posted by in Telecom

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I am giving below a press report in which it is stated that DOT has asked MTNL to reduce the retirement age from 60 to 58, in order to reduce the staff and to reduce the expenditure on VRS. The Modi government, it seems, is determined to finish the MTNL and put its employees on the road. If the experiment is successful, the next target will be BSNL. In this connection it is to be mentioned that the government has no moral right to reduce the retirement age, since the employees have been planning their retirement life with the preparation to retire at 60 years and any pre-retirement will put them in to much difficulties and even may destroy their future life. Strong protest should rise against this arbitrary decision.

Press report
“Mahanagar Telephone Nigam Ltd’s plan to become leaner is unlikely to fructify any time soon as the department of telecommunications has told the state-owned telecom services provider to first bring down the retirement age for its employees to 58 from 60 before seeking any support to fund a planned voluntary retirement scheme, according to an official.

According to the official, the company had sought the department’s support to initiate a VRS for its employees to bring down its staff costs—currently almost neck-to-neck with its revenues. Reduction in the retirement age will automatically bring down the number of people eligible for VRS and hence save the government some cash.

Years of losses, abetted by a lethargic and huge manpower and slow decision-making, have pulled down the MTNL’s networth into negative. Its revenues have little chance of recovering given that the market has matured and at the same time remains competitive. The company’s last annual profit was in 2008-09. Its net loss in March quarter was Rs. 634.78 crores – the lowest among the losses in the four quarters of 2016-17.

MTNL had a staff strength of 28,877 as on December 31, 2016. Of this, 4,027 were executives and 24,850 were non-executives.

At the end of last calendar year, the company had a total of 7.10 million subscribers. Of this, 3.63 million were mobile subscribers while 3.48 million were landline connections.”

No Reduction in Retirement age from 60 to 58 – Central Government

19 Friday Dec 2014

Posted by in CG Employees

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The Central government has cleared the doubt about the reduction of retirement age of the central government employees, which is being rumored for the last few days.

The Minister of state for Personnel, Public Grievances and  Pension Shri Jitendra Singh stated in the Parliament yesterday, 18th December 2014, that there is no proposal to reduce the retirement age of central government employees from the present 60 to 58. He also stated that the retirement age was increased from 58 to 60 in 1997 as per the recommendations of the V Central Pay Commission.

News about reducing Retirement Age from 60 to 58

11 Thursday Dec 2014

Posted by in BSNL News, BSNLEU

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A lot of reports are coming in the news papers about certain proposal of the Central Government to reduce the retirement age of its employees from 60 to 58. The same kind of news are spread about the retirement age of BSNL Employees also.

It is stated that this will increase employment chances to young generation. It is also mentioned that it will reduce government expenditure. Some other justifications are also spelt out.

We are not in a position to state what exactly is the present position of the government’s proposal. But as far as the employees are concerned, they are completely against the reduction of retirement age from the present 60 to 58. It is to be remembered that when the government increased the retirement age from 58 to 60, it was not the demand of the employees or their unions. It was a decision purely by the Government. In fact, the Confederation of the Central Government Employees and Workers opposed it, stating that it will adversely affect the employment opportunities. Despite the opposition, the government implemented it.

Now, again to restore the 58 as retirement is not practicable. The employees and the unions are opposed to it. The reasons are simple. All the employees,at least those who are going to retire within 5-10 years, have planned the retirement at 60th age and also financial adjustments. They have taken advances, they have planned construction of houses, marriage for their children etc. etc. based on the present retirement age. How all these can be changed in one stroke of the pen? You can reduce the retirement age, if the government is very particular, to only those who are being recruited now. The Pension rules were changed only for the new recruits.

But, if the government proposes to reduce the retirement age from 60 to 58, despite all these, the employees are going to resist it. As far as the BSNL employees are concerned there will be serious opposition from the employees and their unions. This attack on the employees will not be tolerated and struggles will be launched.

 

Germany propose to reduce retirement age to 63 from the present 67 years.

30 Thursday Jan 2014

Posted by in AIBDPA - BSNL DOT Pensioners, WORLD NEWS

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The German Chancellor Angela Merkel has proposed that the retirement age be reduced from 67 to 63 years which will benefit the workers. The pension system is also reported to be reformed which may cost the government more.
It is to be noted that sustained agitations are continuing in the Euro countries against the austerity measures imposed on the workers and pensioners by the governments. The present decision may be as a result of the agitation.