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| Govt contemplating raising retirement age of employees to 60 years | | |
Jammu, October 24 :- Can the Jammu and Kashmir Government afford the luxury of raising the retirement age for the employees from 58 to 60 years ?This question has assumed significance following the Chief Minister, Mr Ghulam Nabi Azad’s desire to bring the state at par with the central services where the retirement age is 60 years.
The issue of increasing the retirement age assumes added importance in the light of unemployment problem in Jammu and Kashmir assuming alarming dimensions.
Official sources told Kashmir Independent press in Jammu on Tuesday that the Chief Minister would get the matter of raising the retirement age discussed by the state cabinet only after he received an assurance from the Prime Minister Minister,Mr Manmohan Singh,on continued financial assistance from the centre for meeting the wage bill.
At present the annual expenses on the wage bill has touched Rs.4,000 crores and 80 per cent of the amount is met from the central financial assistance.Without funds from the centre over 3.50 lakh employees would be left high and dry.
Sources said that the Chief Minister would approach the centre again for a financial package not only for the expenses that are required if the retirement age of employees was raised but for providing jobs to educated unemployed youths in the state.The Chief Minister has,in the past,argued that since the industrial sector was weak and small it could not provide more jobs to the local educated youths.As the health of the public sector undertakings had become fragile there was no scope for absorbing more unemployed youths in those units.Hence the state depended on the Government departments for tackling the problem of unemployment.
Sources said that a section of influential bureaucrats,who were on the verge of retirement,were trying to convince the Chief Minister of the need for extending the central pattern on retirement policy to Jammu and Kashmir. |
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