The Government wants utilise the talent pool of retired professionals to carry forward its flagship programmes.
As per the new provision of the NPS, the employees would be entitled to 26 months’ salary at the time of retirement or death during service
A mobile app will help retiring officials monitor the progress of their pension settlements.
She will be handing over charge to Dane Holmes, who is the global head of investor relations and global head of Pine Street.
HR Anexi was conceived to be a one-stop-solution for all HR requirements.
Jose Tomas will replace Quattrone.
In June, the government raised the retirement age of doctors to 65 years. Doctors anyway continue to practice till the last leg of their life but from government’s perspective, it wanted to retain the talent pool in Central Health Service. It’s a growing concern for the government as more than 28 per cent of the central government employees are above 50 years of age. This implies that not only the government will lose experienced high- level personnel but it will even entail unquantifiable costs as new recruits will require training and on-the-job skills.
If professionals such as doctors, lawyers and CAs, can continue to work for post 60, then why can’t other professionals be it an engineer, bureaucrat or a clerk do so. The official retirement age was fixed at a certain 58 years or 60 years because then the life expectancy was low. Now with better medical facilities, people above 60 are quite active and healthy. HRKatha tries to find a rationale.
The next decade or two may see retirees in India facing the challenge of inadequate incomes.
A research to determine employees’ readiness to retire found that a surprisingly large number of the respondents look forward to their lives after retirement. Countries, such as India, Brazil and China have shown relatively higher rates of retirement readiness than others.