While asserting there was no age of retirement in the party, CPI-M politburo member Prakash Karat on Wednesday said the party will be coming out with a retirement policy for its members.
"We have about 10,358 whole time functionaries in the party and the allowance we give them is meagre. So we have discussed about their material needs and problems. We are working on a policy to provide for them once they retire," Karat told media persons.
"There is no age of retirement in our party, but there are people who cannot work beyond a certain age and are fully dependant on the party. So when they stop working where will they go? So it's an effort to provide them some kind of maintenance for their medical expenses and all," he said.
Karat also said that states where the party is weaker have been directed to set up a corpus for the purpose.
Asked if the retirement for the members was voluntary, he said: "There is no age for retirement in the party. But there may be cases where we may have to tell a person to stop working owing to his health and age."
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
