As I had already foretold, political considerations have made the Government approve the constitution of VII Central Pay Commission. Prime Minister Dr.Manmohan Singh, today approved the constitution of the 7th Pay Commission. The Government will now issue a notification regarding the constitution of the commission, its terms of reference and the members. The entire process could take upto 1 month and the Pay Commission should be constituted in the month of November, 2013. The Commission will then have 2 years to submit its report to the Government.
However the implementation of the 7th Pay Commission will be in the hands of who ever is elected to the Lok Sabha with majority in the General Elections 2014. If the party which wins the elections has absolute majority, we can expect the pay commission to be implemented well on the targeted date i.e. 1.1.2016. But that is the hypothetical scenario. Right now the news is that the Pay Commission has been approved with the polls in mind and round about 80 lakh voters plus their families.
In a separate breaking news, the Government will increase the retirement age of the Government employees by two years to 62 years. The retirement age order should be enacted on 8th October 2013 however the affect of the order on those personnel retiring before October, 2013 is not clear as of yet. Delhi and Chhattisgarh have already decided to enhance the retirement age of their employees to 62 years.
You can watch the CNBC18's video on 7th Pay Commission below
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MORE OFFICIALS WILL BE REQUIRED FOR ELECTION DUTIES IN THE NEXT YEAR. EXTENDING RETIREMENT AGE TO 62 YEARS CAN SOLVE THIS PROBLEM
ReplyDeleteMay be thats one of the reasons Sir, the orders regarding the 62 age limit are expected in next week, provided the Govt isnt busy with the political agendas :)
DeleteSir, no news about retirement age 62 yet.....No news about any discussions on retirement age in the 8th oct cabinet meeting
DeleteHi Vijay, Was there any decision taken on October 8th regarding retirement age to 62? There has been no announcement yet.
ReplyDeleteHi Nishant and Anonymous, thanks for visiting my website. The file regarding 62 years was put up to Ministry of Finance in the last week of September 2013. However in August Minister of State for Personnel, Public Grievances and Pensions V Narayanasamy said on Thursday that there was no such proposal on the anvil. But it is to be noted that this was prior to the announcement of approval of VII CPC. The Indian Government has up till month of Nov 2013 to decide on extending the age of retirement to 62 before the model code of conduct for GEC 2014 kicks in
DeleteSir, then it is most likely that they may not increase the retirement age, because there is too little time to decide now. Its been 3 weeks now that the file has been put up to Ministry of Finance, still no decision has been taken. Or do you feel they may announce it just before the election dates are decided by the EC?
DeleteHi Anon I am certain the UPA will let go atleat 10 lakh votes (people who are retiring soon) go to opposition. I had predicted the approval of VII CPC way back in Feb 2013 http://www.comboupdates.com/2013/02/7th-pay-commission-for-central.html when nobody believed it possible including you.
DeleteSorry I meant UPA will not let go * my apologies*
DeleteHi Vijay Sir!! There have been rumours among Ordinance Factory employees that, retirement age of CG employees will be increaded to 62 in Jan or Feb, after the vidhan sabha elections of five states. Is it true sir?
ReplyDeleteIf any news on increase of retirement age of central employee.. Plz do share....
ReplyDeleteNo chance to increase of retirement age of central employee.
ReplyDeleteSource of news? If any? Plz share Mr.Maity...
DeleteIf yes,please inform me whether any possibility to increase the retirement age of central govt. employees from 60 to 62 before January-2014?
ReplyDeleteHi Pradipta, Sir there is every possibility and lot depends on the results on 8th December. If UPA is routed that it is sure to increase the age to 62. My opinion is based on the political requirement
Deletesource of news from M.P.
ReplyDeleteI am sure that no chance to increase retirement age 60-62 before lok-sabha election -2014.
ReplyDeleteAttention UPA Govt!!
ReplyDeleteIt is hard but the truth is the next government would be BJP, who is never against hiking retirement age. There are record number of employees, who are on verge to retire in the next 2 years. Considering the fact that the last retirement age which was enhanced from 58 to 60 was done by BJP Government and the UPA has created negativity among the employees as they were many rumours about the increase in retirement age to 62. Now in present situation the employees are very dissappointed and wants to hike the retirement age to 62.
So the best option for the UPA Government is to raise the retirement age and consider the vote bank of the to-be-retired employees and you may come into power.
Unless this, It is practically impossible for UPA to survive as there is lot of negativity among Central Govt Employees. And as far youth is concerned it would not impact them as just 4% of Indian job market has central government jobs!!
And it is already proven that just 30% of youth only would caste their vote and various surveys reveal that they are seeking for change in Government.
So the final verdict is, Raise the Retirement age to 62 and capture the vote bank, if you UPA wants to come into power in 2014!!
Yes Himesh you are absolutely right I am hedging my bets on the age being raised by end Jan before UPA-II goes into the elections :)
DeleteThere are strong Rumours that they may increase the retirement age to 62 in January 2014.
ReplyDeleteAs predicted that UPA has to raise the retirement age to 62 years otherwise it will loose the elections....and it Lost!....Well still UPA has time atleast to capture votebank of these employees and win loksabha elections...
So the final verdict is, Raise the Retirement age to 62 and capture the vote bank, if you UPA want to come into power in 2014!!
Hi Vijay !! Any decision on retirement age 62 expected before 31st Jan? Strong rumours going around here.
ReplyDeleteOn the eve of lok-sabha election, U.P.A Govt.Should consider the enhancement of retirement age from 60 to 62 age before 31st january 2014. In as much as U.P.A Govt. will be benefited to a large extent in all respect.
ReplyDeleteHope , Central Govt. will take positive decision very shortly in this matter.
Hi Vijay !! Now that DA merger of 50% being considered by UPA, any chance of retirement age 62 by Feb?
ReplyDeleteHi Anon yep hope that UPA-II approves both by 14th Feb :) Because UPA will be announcing elections in end Feb so that gives government 1 month to clear all pending issues.
DeleteIts high time now,cn we expect somethng good coming up??
Deletefriv 2 If any news on increase of retirement age of central employee.. Plz do share....
ReplyDeletehello vijay
ReplyDeletedoes govt has such policy in its agenda or its just a rumour ?
Nope Anon the files regarding 62 years and 50 % DA are said to be in Min of Finance. All depends on the mood and mode the UPA-II undertakes from Feb budget (interim) meeting onwards. Read more about it here
Deletehttp://www.comboupdates.com/2014/01/7th-pay-commission-news-pay-panel.html
any news on increase of retirement age of central employee
ReplyDeletegovt. should not increase of retirement age and i think it is not good for new generation. because they have no work and they are catching wrong way.
Delete