VIJAYAWADA: A decision to not increase the retirement age limit of employees from 58 to 60, taking into consideration the financial conditions of the Corporation, was taken in the second board meeting of AP State Road Transport Corporation (RTC), held here on Tuesday.
The board, chaired by APSRTC chairman Varla Ramaiah, also decided to increase the ex gratia for the employees to Rs 5 lakh and review the decisions taken by officials before the board was formed.
The management’s decision to not increase the retirement age limits has evoked a mixed response from National Mazdoor Union (NMU) and Employees Union (EU). Speaking to TNIE, NMU State president Ch Chandraiah said the board should reconsider its decision, as its employees play a vital role in running the corporation successfully.
A representation will be submitted to Chief Minister N Chandrababu Naidu and Transport Minister K Atchannaidu over the retirement age limit, to protect the interests of the employees, he said. The NMU leader also appealed to the management to increase the ex gratia from Rs 5 lakh to Rs 10 lakh.
The EU leaders, however, opined that the management should consider if the employees are willing to raise the age limit or not. Those willing to work till 60 should be allowed to continue, and the rest should be provided benefits like pension, they said.