The Telangana Government has announced the increase in the retirement age of all employees at the TSRTC (Telangana State Road Transport Corporation) from 58 to 60. Chief minister — K. Chandrashekar Rao, has duly signed the file, pertaining to this decision.
This decision is in tune with the promise that Rao had made to the representatives of TSRTC employees in a meeting on 1st December, days after the employees ended their 55 days old strike. The strike was to get their demands fulfilled from the government.
According to some media reports, Rao also held a high level review meeting with some of the key people in the government like transport minister Puvvada Ajay Kumar, government’s chief advisor Rajiv Sharma, chief secretary SK Joshi, TSRTC MD Sunil Sharma to discuss fulfilment of promises given to employees and workers, making TSRTC a profitable business and strengthening the transportation network.
A few months back, the finance department had proposed to increase the retirement age of state government employees from 58 years to 61 years.
It is believed that Rao will have to accept this proposal as it will serve the purpose of cutting cost for the government on immediate retirement benefits given to employees and on the other hand employees will also be happy with the decision as they can continue their service for longer time period.
By enhancing the retirement age, the government will save close to Rs 2,500 crore per annum.