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HomePersonal FinanceEmployees Retirement Pension - Retirement age and pension of employees will increase,...

Employees Retirement Pension – Retirement age and pension of employees will increase, government working on this formula

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Pension Update – Important update for the employees. In fact, according to a report, it is being said that there is going to be an increase in the retirement age and pension of the employees. The government is working on this formula to increase the retirement age and pension of the employees.


The central government can soon give good news for the employees. The government is considering increasing the retirement age and pension amount of the employees. The Economic Advisory Committee has sent this proposal (Universal Pension System) to the Prime Minister. In this, it has been said to increase the working age limit of people in the country. Along with this, the PM’s Economic Advisory Committee has said that along with increasing the retirement age in the country, Universal Pension System should also be started.

Senior Citizen Security-

According to the report of the committee, under this suggestion, a minimum pension of Rs 2000 should be given to the employees every month. The Economic Advisory Committee has recommended better arrangements for the security of senior citizens in the country.

Skill development is necessary

It has been said in the report that if the working age population has to be increased, then there is a dire need to increase the retirement age. This can be done to reduce the pressure on the social security system. The report also talked about the skill development of persons above the age of 50 years.

Governments make policy-

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

World Population Prospectus 2019 Report-

Let us tell you, according to the World Population Prospects 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 14 crore 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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