The workers will soon receive positive news from the central government. Employee pension benefits, including retirement age, can be raised. The Economic Advisory Committee has presented the Prime Minister with this idea. In this, there has been discussion about raising the country’s upper age limit for employment.
A universal pension system should also be implemented, according to the Economic Advisory Committee of the Prime Minister, along with raising the retirement age in the nation.
Senior Citizen Safety
The research suggests that the employees receive a minimum pension of Rs 2000 per month under this proposal. Let us inform you that the Economic Advisory Committee has suggested improved measures for the nation’s elderly people’s safety.
The development of skills is also crucial
If the population of people who are working age is to grow, it is imperative that the retirement age be raised, claims this report. To ease the strain on the social security system, this can be done. The report includes information on skill development for people over 50.
Governments must establish policies
According to the research, the federal and state governments should create these policies to enable skill development. The unorganized sector, rural areas, refugees, and migrants who lack the resources to receive training but who nonetheless need to be trained should all be a part of this effort.
World Population Prospectus 2019 Report
It is important to note that by the year 2050, India would have about 32 crore elderly adults, according to the World Population Prospectus 2019. In other words, 19.5% of the nation’s population will fall into the category of retired people. There are 140 million senior seniors in India as of the year 2019, or around 10% of the country’s total population.
News Mania Desk
