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Thursday, 20 August 2015

SEVENTH PAY COMMISSION MAY NOT LOWER RETIREMENT AGE

New Delhi: The Seventh Pay Commission is not likely to take a major decision of the lowering of the retirement age for central government employees to 58 years old, two years earlier than what the present law requires.

Since studies show that Indian people reaching the age of 50 years old tend to suffer from a decline of cognitive and physical abilities.

That older employees also find it harder to adapt to modern technology, which is must required to develop the nation.

The youth people in country have increased and so the pay panel may want to focus on Youth unemployment as, “More retirees would mean more job openings for the youth.”

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