Retirement age of central government employees should be raised to 62?

Should the retirement age of central government employees be raised to 62?

This year again, the Union cabinet was supposed to take the proposal of enhancement of Retirement age of Central government employees from 60 to 62 years on table. But again it failed to materialize and is not expected to be considered before General elections. With the matter delayed, people are back with their views on the matter. What is your perception? What are the pros and cons of changing the retirement age of central government employees from 60 to 62 years?

Yes

• The increase in age of superannuation is certainly a benefit for employees to work more and to stand in a comfortable economic position for a longer period.

• It will lead to a higher probability of getting an additional MACP by the central government employees.

• There is need to understand the core foundation of the constitution which encourages the youth development but is strictly against the efforts hampering the benefits and rights of senior citizens. Preventing a citizen from working towards their ends is nothing but a forceful effort to obstruct their constitutional right to life, liberty and happiness.

• An increase in retirement is appropriate because people can be productive workers longer helping the country to take the pressure off social security and the budget deficit. Burden of the pension that comes on economy gets reduced.

• Experienced employees are always an asset for the company and increasing the retirement age can save the training costs done on new employees.

No

• Increasing the retirement age will delay the job opportunities for youngsters. The extended two years may or may not yield benefits but definitely it can hurt the job opportunities for the youngsters.

• There is a decreased productivity and lesser work efficiency delivered by the senior employees. The government has to still bear the higher costs.

• It will have a negative impact in the promotion scales offered at different times.

• It will lead to increased costs to the government as they are bound to pay health benefits to the elderly employees.

• Age is a relative factor and some people don’t find themselves fit to work even at 60. By Increasing the retirement age the government is denying the benefits to the people who don’t have the physical strength to carry out the job for another two years.

Conclusion

If you go by the constitutional rights then yes every person has the right to work till the time he/she wants to and even can bring in the positive outcomes on the economic front for the country.