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
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.
This means that if your full retirement age
is 67 but you file at 64, you'll lose 20% of your monthly benefit.
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.
According to the press release, employees who reach retirement age
during the period between May 6 and June 30, 2019 may opt to increase the retirement age
by one or two years or three or four or five years, provided they submit a written request to the employer within a period not exceeding 20 days, starting May 6, 2019.
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.