Jagan announces fitment of 23%, raises retirement age to 62
The Hindu
Housing plots, compassionate appointments among slew of benefits announced
Less than a day after holding discussions with employees associations on implementation of the Pay Revision Commission (PRC) and other demands, Chief Minister Y.S. Jagan Mohan Reddy has announced that the retirement age would be raised to 62 years from the existing 60.
Apart from announcing a fitment of 23% against 14.29% recommended by the committee headed by the Chief Secretary, Mr. Jagan also showered a slew of benefits and gains, including housing plots, compassionate appointments, clearing of the pending Dearness Allowance (DA), etc,.
The State government would have to bear an additional burden of ₹10,247 crore per annum with the decisions taken now.
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