Punjab not to reverse extension policy on employees above 58

DW Bureau / Chandigarh

The Punjab Government is unlikely to withdraw the provisions of extension of retirement age for two years, over and above the age of 58, it is learnt. Sources said even as the State Government had been debating and discussing provisions of extension, there was no such plans to review the provisions for now. ÔÇ£This issue involves serious financial implications and the Government is not inclined to make any policy change in near future,ÔÇØ a Government officer told Daily World on Tuesday. According to government calculations, the State Government would immediately be burdened by around Rs 4,000 crore if it changed the policy to fix 58 as retirement age. ÔÇ£The GovernmentÔÇÖs priority at the moment is to implement its farm loan waiver scheme and arrange for the funds,ÔÇØ he added. The proposal had become a major issue of discussion after a statement of Chief Minister Capt Amarinder Singh that the government was studying the implications of a policy change to fix 58 as retirement age.

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