The Kerala government on Monday raised the pension age in public sector institutions to 60 years. This development has brought uniformity across all public sector institutions.
However, three institutions are exempt from this rule – Kerala State Road Transport Corporation (KSRTC), Kerala State Electricity Board (KSEB) and Water Authority.
The government also decided to categorise public sector institutions as class A, B, C and D based on their performance record. Future salary and wage revisions will henceforth be based on this grade.
These grades will be revised once every three years. It is based on this that the pay structure of the CEO, the MD and other employees will be consolidated.
