MP govt extends retirement age of private sector workers

Image
Press Trust of India Indore
Last Updated : Jul 08 2014 | 11:31 PM IST
Madhya Pradesh government has decided to increase the retirement age of labourers and other employees working in private sector to 60 years from current 58 years.
"The state government has issued a gazette notification regarding this decision which will benefit over 15 lakh employees working in the private sector," state Labour Commissioner K C Gupta in a statement here today.
The decision was taken under the 100-day special scheme of the Labour Department and the government amended relevant laws after consulting industrial units and workers unions.
However, the decision will not be applicable to those employees who are working under various corporations and undertakings of the state government.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Jul 08 2014 | 11:31 PM IST

Next Story