He then suggested for the
retirement age be raised to 62 or 63 first, before increasing it to 65 within a five year period.
The decision would allow civil servants to serve beyond the current
retirement age.
According to an order by the MHA, the
retirement age will be applicable to personnel of Central Reserve Police Forces (CRPF), Border Security Force (BSF), Indo-Tibetan Border Police (ITBP), Central Industrial Security Force (CISF), Sashastra Seema Bal (SSB) and regular cadre of the Paramilitary component of the Assam Rifles (AR).
Jhagra strongly defended increase in
retirement age limit of government employees in his budget speech which he unfolded in the provincial assembly the other day.
The retirement is always connected with life expectancy, he said adding in 1947 the life expectancy was 45 and the
retirement age was fifty.
that the Pakistan Tehreek-e-Insaf government put forth the suggestion of increasing the
retirement age and the prime minister directed the secretary finance to consult with the establishment division in this regard.
In the past decision about fixing
retirement age limit were taken by the federal government.
The
retirement age is likely to be extended by 3 years after consultations among the finance ministry and the four provincial governments.
told reporters that its pension fund's life is good until 2051, but this could last only until 2039 if measures to reduce the
retirement age to 56 are enacted.