The debate of the age of retirement has been heated in India. People have noticed the rumors about raising the retirement age of the central governmental personnel to 2025. Social media Viral propaganda on social media also added to it, but is it that the government is making advancements towards this direction? Before we learn the most recent information on this subject and its consequences, we have to understand what it is all about.
The Current Retirement Age
The Indian employees in the central government retire at the age of 60 years. This is a long standing rule. Other benefits are given to employees at this age including pension. Not so long ago, there were some news according to which it might be brought up to 62 years.
Reality Of Viral Allegations
It is reported in the social media that the retirement age will be 62 years as of April 1, 2025. However, the Union Minister, Jitendra Singh demystified in the Parliament that the government does not have such a proposal. This was not true. [] acquisition url = bbiclreenradox1928-522373-centre-to-change-the-retirement-age-of-govt-employees-heres-whats-ministry-of-personnel-says-3787148-dewr
Economic Effect
An increase in the retirement age can have effects on the amount spent by the government. Workers will be forced to make higher payments to salaries before pension is produced at a late age. This can lower the state cost of the government but possibly restrict the ability of the young people to get a job.
Employee presence Effect on employees The presence of employees may affect the employee population. This is because there are some existing employees that are known to the company but who are not currently taking up their jobs. Some employees will not be taking up their jobs because of reasons like illness, bereavement and some other reasons.
This shift may mean a mixed blessing to employees. Long term jobs will be received by some of them and others might suffer delays in promotions. The senior employee stay might influence new recruitments.
Future of Youth
It is also the fear of the young generation that raising up the age of retirement will limit employment opportunities. Various social media users termed it as a beating that would take away the future of the young people. This balance will have to be paid attention to by the government.
Pension And Benefits
Recently the Supreme Court held that when the increase of salary comes on a yearly basis then the employees who retire a little earlier will also have increased pension. It is a win-win situation to workers whether or not retirement age is lifted. []extracitation consequences-250522009441_1.htmlink exacticious rabies
Policy And Cost Brdens Cost
It is also a large question as to what it will cost to raise the retirement age. The government will require extra budget on salaries, allowances and others. To this, parliamentary approval and changes in policy are required.
Conclusion
The process of extending the retirement age to 2025 is not officially confirmed. The government clarified that there will be no age change but it will continue to be 60 years. However, it has become a subject of debate among the employees and the youngsters. There is any change in future and it will have an economic and social immense impact.
Also Read: Fastag Rules 2025: New Regulations Every Vehicle Owner Must Know