Kerala: Pension age remains big hurdle in reviving state's economy

Name: Kerala: Pension age remains big hurdle in reviving state's economy
Uploaded: 2020-06-16T00:00:00.000Z
Description: Kerala&#39;s early relaxation of the coronavirus-led lockdown compared to other states may help in reviving its economy, but hurdle like raising the pension age remain.In a fresh momentum a first-of-i....

Kerala's early relaxation of the coronavirus-led lockdown compared to other states may help in reviving its economy, but hurdle like raising the pension age remain.
In a fresh momentum a first-of-its-kind financial task force report commissioned by the state has recommended raising the pension age, abolishing redundant official posts to save ₹5,265.97 crore this financial year.
But the suggestions are hard to implement owing to public pressures.
Last month, neighbouring Tamil Nadu raised the retirement age in the state by a year, which led to severe criticism.
It is noted that Kerala has one of the lowest retirement ages in the country, set at 56.

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Pinarayi Vijayan

Chief Minister

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