Govt likely to increase retirement age to 62

NEW DELHI: The government is conceiving a hike in the retirement age of government employees to 62 years from 60. The Sixth Pay Commission is looking into the proposal, that would benefit a large number of central and state government employees. Some senior bureaucrats have already given presentations to the commission, explaining how a hike in retirement age would help the government in postponing its pension liabilities by two years. A number of ministries had written to the department of personnel and training (DoPT) about increasing the retirement age for select categories. The commission urged top bureaucrats to make presentations. It is understood that some state governments are in support of increase in retirement age. The Sixth Pay Commission''s suggestions are hoped to result in a hike of about 40% in salaries of central government employees in various categories.