Bengaluru: The Cabinet on Friday gave its nod to a proposal to raise retirement age of workers in the private sector from 58 years to 60 years.

However, it is learnt from government sources that these rules will not be applicable to the clerical workforce nor to the IT sector.

The amended rule is likely to be brought into force within a few days for the benefit of labourers who are retiring this month-end.

The decision to raise the retirement age was taken despite pressure from private managements who were opposed to the move since they would need to pay high salary and other benefits. It was also argued that the decision would have an adverse impact on hiring of young work force in the next two years.

Stating that the decision was taken in view of the 2018 elections, M C Dinesh, president of Federation of Karnataka Chamber of Commerce and Industries (FKCCI) while terming the decision both good and bad, opined that government should ideally not interfere in the running of the private sector.