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Showing posts with the label increase retirement age

Proposal to increase retirement age, cut down pension in armed forces irks officers, veterans

A note by the Department of Military Affairs, headed by CDS General Bipin Rawat, proposes changes to the retirement age and pension policy, which could potentially cut costs. Representative Image A note by the Department of Military Affairs (DMA), headed by Chief of Defence Staff General Bipin Rawat, on a proposed new retirement and pension policy has caused serious heartburn in the military with indications that the three services are not on board. The note, which is doing the rounds on social media, is dated 29 October and seeks for a draft Government Sanction Letter for changes in retirement profile and pension entitlements. The proposed rules will be applicable to all equivalent ranks across the three services. As proposed in the note, the retirement age of colonels (other than that of the Army Medical Corps and Military Nursing Service) will be increased to 57 years from the current 54. The retirement age of brigadiers is proposed to be increased to 58 years from the current 56 ye...