- KP Cabinet approves retirement age for civil servant from 60 to 63, will save Rs24bn per annum
KP Cabinet Approves Retirement Age For Civil Servant From 60 To 63, Will Save Rs24bn Per Annum
In a landmark decision the Provincial Cabinet of Khyber Pakhtunkhwa Friday approved increase in retirement age of the government employees from 60 to 63 years, in a bid to making Rs24 billion saving per annum
Chief Minister Mehmood Khan chaired the meeting of provincial cabinet. Outlining the silent feature of the meeting, the Information Minister Shaukat Yousafzai told the media men in a press briefing that retirement age for government employees in education and health sector in India was 65 years whereas it was 65 in European countries and Brazil, 62 in Japan and 67 in America.
The life expectancy in Pakistan has increased to 63 years in 2018 from 55 in 1973 he said adding that each year around 5000 employees reached the age of superannuation where the ratio of premature retirement is also around 50/50. Therefore, the number of employees attaining the age of 60 has reached to 2500 which cost Rs.6billion to the provincial kitty.