Retirement Age Update: A plan is being made by the government to increase the retirement age. The news is coming that the decision on the age of retirement of the heads of PSBs and Life Insurance Corporation of India (LIC) can be taken soon.
Retirement age increase: Various amendments have been made in the salary and retirement age of government employees from time to time by the Central Government. Now once again the government is planning to increase the retirement age of heads and MDs of Public Sector Banks, but lower level employees will not benefit from it.
Retirement age of these chiefs including LIC may increase
According to the information received from PTI, Dinesh Khara, Chairman of State Bank of India, is likely to get an extension, which means that the government can increase the age of his retirement. The government is considering increasing the retirement age of heads of public sector banks (PSBs) and LIC.
MD’s retirement age can be 62
Giving information about this, a senior official has said that the proposal before the government also includes increasing the retirement age of PSB Managing Directors (MD) from the existing 60 years to 62 years.
Took the post in 2020
Let us tell you that senior banker Khara took over as the chairman of SBI on October 2020 for three years. According to the existing rules, the chairman of SBI can hold the post till the age of 63 years. Khara will turn 63 in August next year.
No decision has been taken yet
The official has said that discussions are on to increase the retirement age of heads of PSBs and Life Insurance Corporation of India (LIC). Along with this, discussion is also going on to increase the retirement age of PSB MDs from 60 years to 62 years. He said that the final decision on the retirement age of heads of PSBs and LIC has not been taken yet. The current retirement age of LIC Chairman is 62 years. Salary Rules Change: Big news for employees! Rules related to your salary will change from September 1, know everything
