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HomePersonal FinanceBig news! Universal pension system may be implemented for employees! Increase in...

Big news! Universal pension system may be implemented for employees! Increase in retirement age and pension amount fixed, see details

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Universal pension system: The central government can soon give good news for the employees. The retirement age and pension amount of employees can be increased.


This proposal has been issued by the Economic Advisory Committee to the Prime Minister. In this, it has been said to increase the working age limit of the people in the country. 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 protection

Along with this, let us tell you that 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 security of senior citizens in the country.

Skill development is also important

According to this report, there is a dire need to increase 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 of persons above 50 years of age.

Governments make policy

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

World Population Brochure 2019 Report

Let us tell you that 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 to the retired category. In the year 2019, about 10 percent of India’s population or 140 million people are in the category of senior citizens.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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