Saturday, July 25, 2015

Retirement age 33 years of service (Just Rumor) for 7th pay commission

If you are worried that there will be new provision in 7th pay commission recommendation to reduce the retirement age of 33 year of service or 60 year of age which ever comes first, you need not to worry,  as there is not any official information came from Indian gov agency to confirming the same.

These are all rumors. It will not be easy to implement such drastic new rule for central Gov job in India. If such rule will become valid, lakhs of gov employees will get retired before they expected.

Many people join Indian gov job at the age of around 22 year, if the retirement age of 33 year of service will become reality then the retirement age of such gov employee will be 55 year of age.

Many gov employee are not earning well at the initial year of service from salary. Large percentage of entire service life earning from salary comes from last 4-5 year of service only. So reducing  retirement age of 33 year of service will have great impact on financial security of gov employee after retirement.

People can expect with high probability that there will not come such provision in 7th pay commission recommendation, but people should make their financial plan in such a way that if Gov will actuality implement this rule, they should be able to manage well financially and should be able to work on another field after retirement for more earning.

If the rule is implemented it will be great news for student who want to join Gov job, as there will be more vacancy. Young Gov employees will also get benefited as they will get fast promotion and more responsible job. Government will also get benefit from these provision if implemented as they will be able to save lot of money.

Saturday, July 18, 2015

7th Pay Commission for States including Delhi

Soon after implementation of 7th Pay Commission for Central Gov Employees, all States and union territories will soon apply new pay scale for the state gov employees which will be as equivalent to 7th Pay Commission for Central Gov Employee.

The timing of implementation of  new pay scale for States of India may very, some states will implement very soon but some other states which is having less fund available will implement the new pay scale with some delay. But it is sure that most of the states will implement the new pay scale within 1 and half year of implementation of 7th pay scale at center. i.e before June, 2017 (one and half year after January 2016). Employees of Delhi Government will get new pay scale fast.
Following stats and union territories are expected to follow 7th pay scale for their states gov employees.

Port Blair
Andhra Pradesh
Arunachal Pradesh
Dadra and Nagar Haveli
Daman and Diu
National Capital Territory of Delhi
Himachal Pradesh
Jammu and Kashmir
Madhya Pradesh
Tamil Nadu
Uttar Pradesh
West Bengal