7th Pay Commission: Big decision! What government employees must know - All details here
At present, the age of retirement of central employees is 60 years while the age of doctor and university professor is 65 years. It was said in the reports that this arrangement will open the way for the promotion and new recruitment of central employees.
7th Pay Commission Latest News: For the past several days, there were reports in media that the Central Government is going to change the age of retirement of its employees. The rumours spreading on this whole issue have been rejected by the Minister of State for Finance Anurag Singh Thakur in the Lok Sabha.
As per media reports, the government is considering retiring such central employees who have completed 33 years of job or they have turned 60 years old. But after this statement of the government, the central employees will definitely get some relief.
It was said in the reports that from 1 April 2020, the government can change the retirement age.
At present, the age of retirement of central employees is 60 years while the age of doctor and university professor is 65 years. It was said in the reports that this arrangement will open the way for the promotion and new recruitment of central employees.
Watch Zee Busines Live TV below:
On the other hand, Union Minister of State for Personnel Jitendra Singh said on this matter that the government has no plans to reduce the retirement age of the employees. Also, he said But the government has the right that it can free the officers from the post ahead of time.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
02:52 PM IST