Increase in retirement age of employees PM Modi seems to be very kind to the employees these days.
The economic advisory committee of PM Modi, while advising the PM, has advised to increase the retirement age of employees in the country. With this, there can also be a big increase in the pension to employees. Let’s know the latest updates in the news below
Universal Pension Income Program: Good news can be available for government employees soon. A suggestion has been issued by the Prime Minister’s Economic Advisory Committee, in which it has been told that the age limit for people to work 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. For this the committee has also sent its proposal.
Senior Citizen Safety
According to the report, under this suggestion, a pension of at least 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.
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 talked 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 those living in the unorganized sector, 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.
