Wednesday, October 5, 2022

Good News! Retirement age and pension amount may increase, know what is the government’s plan

Good news may come soon for the employees. In fact, a suggestion has been issued by the Prime Minister’s Economic Advisory Committee, in which it has been told that the age limit for working in the country should be increased. Along with this, the Economic Advisory Committee of the PM has said that along with increasing the retirement age in the country, Universal Pension System should also be started.

Senior Citizen Safety 

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.

Read More: Money is pouring down with this Post Office scheme! With the government’s guarantee, your money will be doubled

Skill development is also important 

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 talks about skill development for persons above 50 years of age.

Governments should make policy 

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 the unorganized sector, those living in remote areas, refugees, migrants who do not have the means to get training, but they must be trained. 

World Population Prospectus 2019 Report 

It is worth noting that according to the World Population Prospectus 2019, there will be around 32 crore, senior citizens, in India by the year 2050. That is, about 19.5 percent of the country’s population will go into 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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