Staff to retire at 60, TN saves Rs 5,000cr for now

In a bid to appease the large government workforce ahead of the assembly poll, the AIADMK government on Thursday raised the retirement age to 60 years from the existing 59. The move may help the government, which is at the fag-end of its tenure and is facing a fund crunch, to defer payment of Rs 5,000 crore towards retirement benefits in the next fiscal year. The decision, however, has evoked mixed response from government staff.

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