Wednesday, February 1, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Retirement

‘Restore retirement age to 58 for government employees’

MtR by MtR
June 27, 2021
in Retirement
0


The Coimbatore Consumer Cause has urged the State Government to restore the retirement age of government employees to 58.

In a representation to the Chief Minister, M.K. Stalin, the consumer body’s Secretary K. Kathirmathiyon said the increase in retirement age from 58 to 59 and then to 60 was without consultation and demand and made only with an eye on the immediate outgo of funds from the Government to retiring employees. This was an illogical and short-sighted move by the then government.

The increase in retirement age was an injustice to qualified youth waiting to enter government service. It was also wrong because three or four youth could be employed with the money to be paid as retirement benefits to every senior. This assumed significance because with financial crunch, recruitment was not periodical and government departments faced manpower shortage.

The consumer body pointed out that no government employee asked for rising the retirement age and, in fact, employees’ unions or associations had opposed the increase in retirement age.

There was also the possibility that the employees who had planned their retirement age might not put in maximum effort to work. Besides, those on the verge of retirement could be suffering from age-related weakness, stress, etc.

And, the government’s move had only postponed by two years the financial strain. The increase in retirement age would only increase the financial burden because the seniors would be moving to higher slab in pay and consequently higher pension resulting in more outgo from the exchequer.

Therefore, in the State’s interest, the consumer body would like to the Government to revise its decision to bring down the retirement age.



Source link

Related articles

How to 10X Your Retirement Savings While Barely Lifting a Finger

August 10, 2022

Australian government scraps COVIDSafe app, Serena Williams teases her retirement, and a dire new sea ice record — as it happened – ABC News

August 10, 2022

Related Posts

How to 10X Your Retirement Savings While Barely Lifting a Finger

by MtR
August 10, 2022
0

Saving for retirement isn't easy, especially during tough economic times. With a recession potentially on the horizon, many workers are...

Australian government scraps COVIDSafe app, Serena Williams teases her retirement, and a dire new sea ice record — as it happened – ABC News

by MtR
August 10, 2022
0

Australian government scraps COVIDSafe app, Serena Williams teases her retirement, and a dire new sea ice record — as it...

Former Muskogee Firefighter Visits Department 41 Years After Retirement

by MtR
August 9, 2022
0

A 95-year-old former Muskogee firefighter was invited back to the Muskogee fire department today, 41 years after retiring.The trip was...

Serena Williams says ‘countdown’ to retirement has started

by MtR
August 9, 2022
0

Issued on: 09/08/2022 - 19:48Modified: 09/08/2022 - 19:46 Toronto (Canada) (AFP) – Serena Williams, a 23-time Grand Slam champion and...

Former Detroit Lions offensive lineman announces retirement after 7 seasons

by MtR
August 9, 2022
0

ALLEN PARK -- Kenny Wiggins, who played on the offensive line for the Detroit Lions across three seasons, announced his...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Industrial Lubricants Market to Reach $71 Billion by 2027.

August 10, 2022

Recent News

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter