Madhya Pradesh to increase retirement age of coop staff

October 1st, 2008 - 8:10 pm ICT by IANS  

Bhopal, Oct 1 (IANS) Madhya Pradesh Chief Minister Shivraj Singh Chouhan Wednesday announced several benefits, including enhancement in retirement age for the staff of cooperative institutions. Addressing a convention here, Chouhan said cooperative fair price shops would be made multi-purpose and retirement age of personnel of cooperative institutions at all levels would be increased from 58 years to 60 years.

He said a committee would be constituted for laying down uniform service conditions for staff of cooperative institutions.

The committee, comprising of representatives of cooperative bodies and the National Bank for Agriculture and Rural Development (NABARD), would submit its report within the specified time limit, said Chouhan.

The board of directors of apex institutions and central cooperative banks shall no longer be required to obtain requisite permission for granting service extension to their employees.

Fifty percent dearness allowance (DA) of cooperative bank staff would be clubbed with basic pay. Fifteen percent interim relief would also be provided against DA.

An assistant of the cooperative bodies would receive minimum pay of Rs.2,500 per month and a watchman Rs.1,500. The payment of minimum pay would be compensated by the state government from its budget.

Cooperative institutions will have the right to make recruitment while a process of regularisation of services of employees working on contract, work charge and daily wages would be adopted on the lines of the procedure of regularisation of daily wage employees of the government, he added.

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