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Home FINANCE Retirement-Pension: Government’s double explosion, retirement age and pension is going to increase

Retirement-Pension: Government’s double explosion, retirement age and pension is going to increase

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DA Hike
DA Hike

Good news may come soon for the employees. Actually, a suggestion has been issued by the Economic Advisory Committee to the Prime Minister.

In which it has been told that the working age limit of the people in the country should be increased. Along with this, the Economic Advisory Committee of the PM has said that along with increasing the age of retirement in the country, Universal Pension System should also be started.

There will be a special security scheme for senior citizens

According to the report, under this suggestion, a minimum pension of Rs 2000 should be given to the employees every month. Let us tell you that the Economic Advisory Committee has recommended better arrangements for the safety of senior citizens in the country.

It is also necessary to increase the retirement age

According to this report, there is a dire need to raise the retirement age if the working age population is to increase. This can be done to reduce the pressure on the social security system. The report also talked about skill development for persons above 50 years of age.

What is necessary according to a report

It has been said in the report that the central and state governments should formulate such policies so that skill development can be done. This effort should also include those living in the unorganized sector, remote areas, refugees, migrants who do not have the means to get training, but they must be trained.

According to this report, there will be 32 crore senior citizens in India by 2050

Significantly, according to the world population prospectus 2019, by the year 2050, there will be about 32 crore senior citizens in India. That is, about 19.5 percent of the country’s population will go in the category of retired. In the year 2019, about 10 percent of India’s population or 140 million people are in the category of senior citizens.

 

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