Telangana considering raising Retirement Age to 65

The Telangana State Government is considering raising the retirement age for state employees from 61 to 65. This is due to financial difficulties and a large amount of unpaid bills owed to employees and pensioners.

The previous government raised the retirement age from 58 to 61 in 2021, but this was met with opposition from young people who felt it limited job opportunities. The current government is worried about a similar reaction, but they may not have a choice due to a lack of funds.

The government has already filled 55,000 government jobs and plans to fill more in the future. However, a final decision on raising the retirement age has not been made.

The government is reportedly considering raising the retirement age of professors at state-run universities from 60 to 65 as well. This has led to speculation that the retirement age for all state employees will be increased.

There are currently over Rs 8,200 crore in unpaid bills owed to employees and pensioners. This number is expected to grow as more employees retire.

The government is struggling to pay these bills because they borrowed money to fund social welfare programs. Raising the retirement age would allow them to delay these payments for several years.

In the next three years, around 9,000 employees are expected to retire each year. The government will need over Rs 20,000 crore to pay for their retirement benefits.

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