2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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70 years
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62 years
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75 years
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60 years
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Detailed explanation-1: -Union Government has extended superannuation age of IPO-bound LIC Chairman to up to 62 years.
Detailed explanation-2: -According to a gazette notification, if a chairman is appointed for a term that exceeds 60 years of age, he won’t superannuate till he completes the term or till he turns 62. Earlier, the government extended LIC Chairman MR Kumar’s term till March 2022.
Detailed explanation-3: -The retirement age for central government employees was last revised in May 1998, when it was moved up from 58 to 60 years. The corresponding age in the private sector has largely been in the 58 to 62 year-band.
Detailed explanation-4: -New Delhi: Andhra Pradesh government has good news for its employees. In fact, the state employees have two reasons to celebrate as per the latest 7th pay commission news. The state has decided to increase the age of retirement from 60 to 62 years. Along with that, the salary will also be hiked by 23.39 per cent.
Detailed explanation-5: -In the vision document of 2047, EPFO is of the view that the retirement age will go up as the life expectancy in India has increased.