Good news for employees, increase in retirement age, they will not get benefits, know updates

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Retirement Age Update- New update! Retirement age of employees may be increased by 5 years, know update here
Retirement Age Update- New update! Retirement age of employees may be increased by 5 years, know update here

The government has increased the retirement age for most of the employees of State Public Sector Enterprises (PSUs) to 60 years. The same KSEB, KSRTC and KWA have been excluded.

There is good news for the PSU employees of Kerala. The Kerala government has increased the retirement age for most of the employees of State Public Sector Enterprises (PSUs) to 60 years. The same KSEB, KSRTC and KWA have been excluded. This increase will not be applicable to employees who have already retired. It is reported that this order was issued on the basis of the recommendations of an expert committee, which has started protesting.

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According to media reports, the state government has increased the retirement age for most of the employees of Public Sector Enterprises (PSUs) to 60 years. The order was issued based on the recommendations of an expert committee, which suggested that the retirement age of all state PSU employees be raised to 60 years, as it is in central PSUs.

According to media reports, the expert committee has assigned the public sector undertakings on the basis of the general nature of the work performed by them in six sectors, manufacturing and production, development and infrastructure, financial services, services/trade/consulting, agriculture/plantation/livestock and Divided into traditional and welfare. The Public Enterprises Board (PEB) will be empowered to approve the classification of all state PSUs and each PSU should submit a proposal for classification to the PEB.

Three-time Congress MLA and Youth Congress President Shafi Parambil said that DYFI is just a PR agency of the Vijayan government. The Youth Congress government will not allow the retirement age to be 60 years. This is an anti-youth decision, the Kerala unit will respond to it. AIYF state secretary TT Jismon said that this decision is a setback for the youth of the state. Will oppose this decision, we cannot allow it.

According to media reports, there are about 1.50 lakh employees working in more than 100 PSUs in the state, whose retirement age ranges from 56 to 58. Based on the recommendations of the expert committee, a new order has been issued by the state government which has set up a new order for the state of Kerala. Conducted a comprehensive study on the salary structure of PSUs in the State except Electricity Board, State Road Transport Corporation and Water Authority. The committee had recommended that the retirement age of all state PSU employees be uniformly raised to 60.

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