Hike in Retirement Age Latest News: A big good news has come for the employees in India. The government has decided to increase the retirement age for some special category of employees. This decision has been taken in the interest of the employees and this will give them a chance to further advance their career. With this new rule, employees will get a chance to spend a few more years in their job, so that they can give the benefit of their experience to the institution.
This decision has been taken only for certain types of employees. This will not only benefit the employees, but the institutions will also continue to get the services of experienced people for a long time. Let us know about this new rule in detail and understand for which employees it will prove beneficial.
Decision to increase retirement age
The government has decided to increase the retirement age for some special category of employees. This decision has been taken in the interest of both employees and institutions. With this new rule, employees will get a chance to spend a few more years in their job, so that they can give the benefit of their experience to the institution.
Scheme Overview
| Description | Information |
| Name of the scheme | Retirement age hike |
| Beneficiary | Special category employees |
| Current retirement age | 60 years |
| new retirement age | 62 years |
| Effective Date | January 1, 2025 |
| Benefit | additional service time |
| Objective | Taking advantage of experienced employees |
| Applicable Area | Central Government Departments |
Which employees will get the benefit
Not all employees will get the benefit of this new rule. It has been implemented only for certain categories of employees. These categories include:
- Scientific and technical personnel: Those who work in the field of research and development.
- Teachers and professors: Working in higher education institutions.
- Doctors and health workers: Working in government hospitals and health centres.
- Engineer: Working on technical posts in government departments.
These categories of employees have been selected because their experience and knowledge can benefit the institutions for a long time.
How much increase in retirement age
The government has increased the retirement age for these special category employees from 60 years to 62 years. This means that now these employees will get a chance to spend two more years in their job. This increase is very important because it:
- Employees will have the opportunity to make further use of their experience.
- Institutions will be able to avail the services of experienced people for a long time.
- Employees will get a chance to further strengthen their financial position.
Benefits of the new rule
- There will be many benefits from this new rule.
- Let us understand these benefits
- in detail: Benefits for employees Additional Income: Two additional years of employment would provide employees with additional income.
- Increase in Pension: Pension amount will also increase due to long service.
- Benefit of experience: You will get a chance to give further benefit of your experience.
- Mental satisfaction: Keeping up with work will help you stay mentally active.
Benefits for institutions
- Experienced Employees: Services of experienced people will be available for a long time.
- Transfer of knowledge: Old employees will be able to teach their experiences to new employees.
- Improvement in quality: Having experienced people will improve the quality of work.
- Reduction in recruitment of new employees: Expenses on recruitment of new people will be reduced.
Post-retirement planning
Along with increasing the retirement age, the government has also paid attention to post-retirement planning. Some important steps have been taken
- for this: Increase in Pension: The amount of pension will be increased due to long service.
- Health Insurance: Employees will be provided health insurance facility even after retirement.
- Counseling Services: Retired employees will be given the opportunity to work as counselors.
- Training Programs: Retired employees will be given the opportunity to train new employees.