News on   Retirement age reduction from  60 years to  58 years :-

News are spread out on the issue of retirement age . Some state Governments are raising the age of the state employees on par with central govt. employees @60 Years. Some state govt. are taking political decisions to increase retirement age from 58 to 60 years keeping the employees vote bank. But they failed to cast votes in their favour. Recently cut off age  limit  of Civil Service exam has been revised. Age limit and number of attempts reduced.  In a move that would help curb the relentless increase in the Centre’s non-Plan spending and ease the way for infusion of more young blood and professionalism into the country’s largely moribund bureaucracy, the Narendra Modi government is planning to reduce the retirement age of central government employees from the present 60 to 58. The move that comes at a time when the Seventh Pay Commission is mulling another sharp boost to the pay structure of the Centre’s 5-million-strong workforce is also aimed at creating the requisite space for lateral entry of technically qualified professionals into the government, official sources told FE.

The retirement age was last revised in 1998, when the then NDA government led by Atal Bihari Vajpayee raised it from 58 to 60 years. The last UPA government had reportedly considered enhancing the retirement age further to 62 just before the general elections, but dropped the move.  The superannuation age was increased from 55 to 58 way back in 1962.   Source: http://www.financialexpress.com/