After 7th pay Commission, more bad news for government employees
7th Pay Commission: That meant staff can bid good bye to their high expectations of minimum salaries rising as high as Rs 26,000 and so on up the hierarchy. While that came as a jolt, latest news has it that another benefit that was being talked about a lot for employees, has been rejected by the government recently. It has impacted as many as 48.41 lakh central government employees.
7th Pay Commission: Government employees have received some bad 7th Pay Commission news in the form of an official announcement by the Centre, which in effect said that there is no proposal to hike salaries on the basis of a fitment factor of 3.00 or even 3.68 times and that the hike will remain as per the report panel's recommendation of 2.57 times. That meant staff can bid good bye to their high expectations of minimum salaries rising as high as Rs 26,000 and so on up the hierarchy. While that came as a jolt, latest news has it that another benefit that was being talked about a lot for employees, has been rejected by the government recently. It has impacted as many as 48.41 lakh central government employees.
Retirement age of employees
Centre made this big announcement on Wednesday. Minister of State for Personnel Jitendra Singh said that there is no plan whatsoever to raise the retirement age of central government employees. The demand that was going around was for the retirement age to be hiked from the existing 60 years to 62 years.
Watch this Zee Business video on 7th pay commission
When asked, Jitendra Singh said, "No." This was communicated in a written reply to a question as to whether the government proposes to change the retirement age of its staff.
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.