Retirement age in Punjab back to 58 from 60
Newly formed Punjab government under the leadership of captain Amarinder singh today reverted the decision of previous government headed by Sardar Parkash Singh Badal, by reducing the age back to 58 years.
Previous government had taken a historic decision of increasing retirement age from 58 to 60, which was demanded by the existing government employees. The main benefit to the employees was they may get salary for additional two years. This not only increase the amount of various welfare funds but also increased their pension amount.
Most of the employees find it difficult to work in private sector, even finding job after retirement is private sector is a uphill task.
New Congress government head Captain Amarinder singh who is present chief minister of Punjab, has made this decision , to open more job opportunities for the young generation.
Captain has promised new jobs for at least one member of all the families residing in Punjab, so this is one of the measures taken to insure new job creations by retiring employees and giving their jobs to young unemployed people.
As per the available information, government will make sure to implement this decision at the earliest. Captain government is under continuous pressure to bring to reality all the promises they have made in the past, before the elections and are mentioned in their election manifesto.