RETIREMENT AGE - ECONOMIC SURVEY’S RECOMMENDATION ON RETIREMENT AGE. LOK SABHA - UNSTARRED QUESTION NO. 1234.

GOVERNMENT OF INDIA 

MINISTRY  OF FINANCE 

DEPARTMENT OF ECONOMIC AFFAIRS

LOK SABHA 

UNSTARRED QUESTION NO. 1234 

TO BE ANSWERED ON  25th  NOVEMBER,  2018   

ECONOMIC SURVEY’S RECOMMENDATION ON RETIREMENT AGE 

1234. SHRI LAVU SRI KRISHNA DEVARAYALU:

Will the  Minister of FINANCE  be pleased  to state:

(a) whether it is true  that  the  Economic Survey  presented  this year recommends  an  increase  in   retirement  age  for employees to  70  years;

(b) if  so,  the  details of  the  recommendation  along  with  its  status; 

(c)  whether it is true  that  the  Ministry  is planning  to  bring  a  new  proposal of  33  years of  service   or  60  years whichever is less  for Central  Government  employees instead  of  implementing     the  above  recommendation;  and

(d)  if  so,  the  details thereof  and  the  reasons  therefor along  with  its  status?

ANSWER 

MINISTER OF  STATE IN THE  MINISTRY OF FINANCE
(SHRI  ANURAG  SINGH THAKUR)

(a)  The  Economic  Survey  2018-19  did  not  recommend  an  increase  the  retirement  age for employees  to 70  years.  It  merely  highlighted the experience of other major countries. 

(b)  Does  not arise.

(c)  Presently,  there  is  no  proposal  in  the  Government  to  fix  the  retirement  age  of Government employees as  60  years or  33  years  of service,  whichever is earlier.

(d)  Does  not arise.

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