Kerala panel recommends superannuation at 58
The Kerala Public Expenditure Review Committee has recommended raising of the retirement age of State employees and teaching and non-teaching staff of private aided educational institutions and autonomous bodies such as universities from 56 to 58 years.
The committee, in its report tabled in the Assembly on Tuesday, pointed out that there was an unprecedented 45.71 per cent increase in expenditure on payment of salaries to government employees and teaching and non-teaching staff in all institutions coming under the government payment system during 2011-12. The year witnessed a 50.85 per cent increase in pension payments. The two payments together constituted 48.69 per cent of the total expenditure, resulting in acute resource crunch, the report pointed out.
The committee was chaired by B.A. Prakash, former Head, Department of Economics, University of Kerala.