Govt may raise retirement age for sick PSUs’ employees

The Department of Public Sector Enterprises (DPE)  said it is formulating a policy to raise retirement age to 60 years for employees of sick units whose revival packages have been approved by the government. The Board for Reconstruction of Public Sector Enterprises (BRPSE) had recommended to the department for increasing the retirement age of employees of loss-making Central Public Sector Enterprises (CPSEs). 
“...DPE is formulating a policy for enhancement of superannuation age from 58 years to 60 years for employees of sick CPSEs whose revival packages have been approved by the government,” Heavy Industries and Public Enterprises Minister Praful Patel said in a written reply to the Lok Sabha.  Besides, he said, these PSUs would continue to be in public sector after implementation of the revival package.