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Wednesday, August 18, 2021

Good news / Modi government can increase retirement age and pension amount

Good news / Modi government can increase retirement age and pension amount





The good news for employees may come soon.  In fact, a notification has been issued by the Prime Minister's Economic Advisory Committee stating that the working age of people in the country should be increased.  At the same time, the PM's economic advisory committee said that a universal pension system should be introduced in the country along with raising the retirement age.



Security of Senior Citizens

 According to the report, employees should be given a pension of at least Rs 2,000 per month as per this instruction.


The Economic Advisory Committee has recommended better arrangements for the safety of senior citizens in the country.

 Skill development is also important

 According to the report, there is an urgent need to increase the retirement age if the working age population is to be increased.  This can be done to reduce the pressure on the social security system.  The report also talks about skill development for individuals over the age of 50.

 The government should make policy

 The report said that the central and state governments should formulate policies to develop skills.  In this effort the unorganized sector, those living in remote areas, refugees, migrants who do not have the means to receive training, but should be trained








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