Odisha Govt.- Enhancement of age of retirement on superannuation from 58 (fifty eight) years to 60 (sixty) years
GOVERNMENT OF ODISHA
DEPARTMENT OF PUBLIC ENTERPRISES
RESOLUTION
No. Cor-1-45/2014 1775 I PE, Dated, the
2nd August,2014
Sub: Enhancement
of age of retirement on superannuation of the Employees of the State Public Sector
Undertakings from 58 (fifty eight) years to 60 (sixty) years.
Consequent upon
enhancement of age of superannuation of the State Government employees
from 58 years to 60 years, similar enhancement of age of retirement on
superannuation of the employees of the State Public Sector Undertakings was under
active consideration of the Government of Odisha.
Keeping in view the
demands of various Service Associations of the State Public Sector
Undertakings as well as significant improvement in average life expectancy in recent
years, State Government have been pleased to allow Enhancement of age of
retirement on superannuation of the Employees of the State Public Sector
Undertakings from 58 (fifty eight) years to 60 (sixty) years subject to fulfilment of the
following conditions by the respective Public Sector Undertakings.
1. The Public Sector
Undertaking must justify its need to retain the present experienced manpower
for utilisation of their services in achievement of the objectives of the
Corporation.
2. The entity does not
have compelling reasons to reduce cost by downsizing manpower.
3. The PSU must not
have defaulted in payment of salary, statutory dues of the employees such as
Provident Fund and ESI etc. in past three years.
4. The
PSU must not have availed any additional budgetary support during the last three years for
payment of salary and other employees dues (excepting the usual level of
budgetary support availed by the PSU, if any).
5. The
PSU must not have defaulted in payment of loan to any financial institution or State
Government The PSU must be update in payment of guarantee
fee/royalty/dividend to the State Government, whichever is applicable.
6. The
entity is and will be able to discharge the salary burden out of its own resources and not
depend on additional budgetary grant (excepting any usual budgetary
allocation).
The P S.U. shall
prepare a detailed proposal which should be approved by the Board of Directors of
the PSU concerned.
The proposal approved
by Board shall be concurred by the Administrative Department The Administrative
Department shall obtain appropriate Government approval before giving effect to
the enhancement proposal.
This
has been concurred in by Finance Department and approved by Hon'ble Chief
Minister (orders have been taken in PE Department File No Cor - 1-45 / 2014)
ORDER
: Ordered that this Resolution be published
in the extraordinary issue of the Odisha Gazette and
copies forwarded to all Departments of Government of Odisha I
All State Public
Sector Undertakings I Office of the Principal AG , Odisha Bhubaneswar
BY ORDER OF THE
GOVERNOR
PRINCIPAL SECRETARY
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