Karnataka Budget 2017: Pvt sector employees will now retire at the age of 60

It may be recalled that a government-appointed expert committee on pension reforms had recommended a hike in retirement age in the private sector to 60 years.

The Karnataka government has decided to increase the retirement age in the private sector from 58 to 60. The decision was made by Chief Minister Siddaramaiah who holds the additional portfolio of finance in the Karnataka in his budget speech on Wednesday.

It may be recalled that a government-appointed expert committee on pension reforms had recommended a hike in retirement age in the private sector to 60 years.

The other key announcements made by the Karnataka government include reservation of women in Karnataka civil service direct recruitment. This has been increased to 33 per cent. The government has also set up the 7th Pay Commission for government employees.

The Karnataka government also announced:

• Free laptops for 1st year engineering, medical, polytechnic and first grade colleges.
• New airports at Karwara, Madikeri and Chikkamagaluru.
• Widening of Hebbal flyover and construction of an under bridge at a cost of Rs 88 crore.

OneIndia News