Kerala: Pension age remains big hurdle in reviving state's economy

  • Kerala's early relaxation of the coronavirus-led lockdown compared to other states may help in reviving its economy, but hurdle like raising the pension age remain.
  • In a fresh momentum a first-of-its-kind financial task force report commissioned by the state has recommended raising the pension age, abolishing redundant official posts to save ₹5,265.97 crore this financial year.
  • But the suggestions are hard to implement owing to public pressures.
  • Last month, neighbouring Tamil Nadu raised the retirement age in the state by a year, which led to severe criticism. 
  • It is noted that Kerala has one of the lowest retirement ages in the country, set at 56.  
Also Read: Somewhat impossible to open schools this year, says Kerala assistant education officer