08 Feb, 2014 12:37p.m.

Parliament committee recommend hiking retirement age to 65

The standing committee of Parliament on social justice and empowerment have recommended the government to raise the retirement of the employees age to 65 years. The recommendations is based on the fact that growing lifespan was adding to the need for "productive ageing". 

The recommendation for increase in retirement age comes with a reminder that senior citizens would form 12.4% of the total population in 2026 from 7.5% in 2001. 

"The committee feels that with the increase in life expectancy and relatively better state of health of people, the government needs to look at continuity of employment up to 65 years," said the report.

It also recommended that government look at greater post-retirement opportunities for senior citizens and create greater financial support. 

While suggesting immediate redressal for the ageing population, the panel sought to train the government's focus on the 60-plus group by pointing out that its growing numbers would be a serious challenge in health and social care. 

Specifically, it underlined that as per population projections, the 80-plus bloc, the most-vulnerable group, would see a sharper rise in numbers. 

The urgency of parliamentarians towards senior citizens comes amid growing global realization that increasing lifespan is creating a new demographic bloc requiring state intervention. 

Seeking government attention, the committee noted that senior citizens comprised 7.5% of the total population in 2001 but their share is likely to increase to 12.4% in 2026. Importantly, UN projections say while India's population will rise by 55% by 2050, that of 60-plus would increase by 326% and that of 80-plus would go up by 700%. 

The panel said special focus should be on the octogenarian bloc. "This age group is the most vulnerable and runs the risk of getting dementia, Alzheimer's disease, Parkinson disease, depression in their older years," it said, and asked the Centre to constitute an expert group of relevant government departments to devise specialized healthcare programme for them

Source : Times of india
Whatsapp Share Button

🏠 Go to StaffCorner.com Home Page





Latest in Important News
News 🕑 05 Jul,19 1:13p.m.
Latest in Other News Sections
RBI cuts repo rates to 6.25. Loans set to get cheaper 🕑 04 Apr,19 12:42p.m.
Sree Chitra Tirunal Institute develops intravenous cancer drug 🕑 26 Mar,19 9:29p.m.
CPAO FAQ For the Beneficiaries Of NPS- Additional Relief Scheme 🕑 13 Mar,19 11:06p.m.
'One Nation One Card' mobility card launched 🕑 05 Mar,19 1:47p.m.
PFRDA working on minimum assured returns for NPS subscribers 🕑 24 Feb,19 1:58p.m.
EPFO's 8.65% interest rate for FY19 is actually equivalent to 13.5%. 🕑 24 Feb,19 11a.m.
EPFO to offer 8.65%, its 1st hike in 4 years 🕑 22 Feb,19 10:51a.m.
RBI cuts repo rate by 25bps. EMIs likely to get cheaper 🕑 07 Feb,19 1:02p.m.
Budget 2019 expectations : IT exemption limit likely to be hiked to Rs 5 lakh 🕑 17 Jan,19 9:29p.m.
Researchers develop plants that can remove cancer-causing pollutants 🕑 27 Dec,18 12:59p.m.