Government Formulating Policy for Raising Retirement age in Sick & Loss Making CPSEs
On the basis of recommendations of Board for Reconstruction of Public Sector Enterprises (BRPSE), the Department of Public Enterprises (DPE) is formulating a policy for enhancement of age of superannuation from 58 to 60 years for employees of such sick and loss making Central Public Sector Enterprises (CPSEs) whose revival packages have been approved by the Government and which will continue to be in Public Sector after implementation of revival package. The above policy would be notified after inter-ministerial consultations and approval of competent authority.
The above information was given by the Minister for Heavy Industries & Public Enterprises Shri Praful Patel in a written reply in the Lok Sabha today
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