Reform in pension and Retirement age

by | Mar 6, 2023 | Retirement Pension | 25 comments

Reform in pension and Retirement age




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Reform in pension and retirement age has become a topic of discussion in recent years. With increasing life expectancy, the aging population, and changing work patterns, many countries are grappling with how to ensure their pension systems remain viable and provide adequate income in retirement.

One of the key issues in pension reform is the retirement age. Historically, retirement age was set at 65 years, but as people are living longer and healthier lives, many governments are reconsidering this threshold. In some countries, the retirement age has already been raised, while in others, discussions are ongoing.

In the United States, for example, the full retirement age for Social Security benefits has gradually increased from 65 to 67. The rationale for raising the retirement age is that people are living longer and healthier lives and can work for longer periods. By working longer, they can also contribute more to their retirement savings.

However, raising the retirement age is not without controversy. Critics argue that it disproportionately affects low-income workers who may not have the same physical or mental capacity to continue working into their late 60s or early 70s. Additionally, some argue that raising the retirement age can lead to higher unemployment rates as older workers are less likely to be hired for new positions.

Another area of pension reform is the funding of pension systems. Many countries have struggled with the sustainability of their pension systems as the population ages and fewer workers contribute to support retirees. As a result, some governments are seeking to increase contributions to pension funds or encourage private pension schemes.

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In the United Kingdom, for example, the government introduced automatic enrolment into workplace pension schemes for employees as a way of encouraging greater participation in pension schemes. Similarly, in Australia, the government introduced a compulsory superannuation scheme, which requires employers to contribute a minimum of 9.5% of an employee’s salary to a retirement fund.

Pension reform also needs to consider the changing nature of work patterns. The rise of the gig economy and self-employment means that fewer workers have access to traditional pension schemes. As a result, many governments are exploring ways to support freelancers and self-employed individuals to save for retirement.

In the Netherlands, for example, the government introduced the “ZZP pension,” which is a pension scheme for self-employed workers. The scheme enables such workers to save for retirement but also allows them to choose how much they want to contribute and how to invest their funds.

In conclusion, pension reform is a complex issue that requires careful consideration of various factors. With the aging population, changing work patterns, and increasing life expectancy, governments need to find ways to ensure their pension systems remain viable and provide adequate income in retirement. Raising the retirement age, increasing contributions, and encouraging private schemes are some of the ways governments are seeking to reform their pension systems.

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25 Comments

  1. Arun kumar

    Apko lagta hai jawan ki service ka andaza nahi ya galat hai

  2. Devi Datt pathak

    तो एक जवान आज भर्ती हो कर फोज मैं जाएगा 57 उम्र यानी 38 साल सेवा देगा।
    अब उदाहरण एक बच्चा आज पैदा हुवा उसकी उम्र तब जब वह फोजी रिटायर्ड होगा 38 साल होगी आने वाले समय मैं 38 साल के लोगों को सरकार क्या सैना में लेगी। अगर लेगी तो रिटायर्मेंट उम्र क्या होगी।
    अगर नहीं लेगी तो आज पैदा होने वाले बच्चे क्या उनका भविष्य होगा सरकार ने यह सोचा कि मध्यम व गरीब वर्ग सैनिक की नोकरी चुनता है। इससे अच्छा है सरकार रोबोट तैयार करे शायद उनके उपर पेंशन का खर्चा नहीं होगा ओर ज्यादा नोकरी भी कर सकते हैं। खाने रहने व
    के लिए धन नहीं लगेगा वहीं अधिक समय तक काम कर सकता है इन्सान
    तो उम्र के हिसाब से ही कार्य करने में सक्षम हो सकता है

  3. SITARAM SHETE

    VRS Aur PRS men Jamin Asman Ka Antar Hain Jawanoke Ke sath Govt. Dhoka na kare yahi Asha Karte Hain.

  4. Ravi Verma

    Ek foji apne privar se hamisa dur rahekar apne jan ki parvah kiye bina desh ki seva karte hai ye civil service se bhut alag hai abhi jo sarkar pension de rahi usay bhi ghar chalana muskil ho jata hai pension katane ke bad to khana bhi khana muskil ho jayega ye decision hamare moral ko tod raha hai,. Jai hind

  5. Angom Pritam Singh

    Hamare desh ki bhaiyo desh ki seva kadna hai to Army mein nahi ahna ghad mein kishan Bannon Indian Army mein bahar se bahut asha hai under gulami ki jintagi hain. Yeah Indian government ki our officers ki tanasay hai.

  6. Shanavas Thazeem

    Pention dena govt ko loss hai to jawanom ko service khatham hohe hi goli maro

  7. Dayal Mallick

    Galat ho Raha bikul Nahi hona Chahiye.sarkar foujeo ke peechhe padi hai keesi ko Nahi jeenye Nahi dagee.

  8. Sunil Yadav

    Pentoin ka 50 %

  9. THOR

    Ye Game changer hai…..Modi ji Ka master stroke…

  10. Ashwani Kumar

    Vipin rawat jwan virodhi

  11. AFTER DEATH LIFE

    Sir m ak army javan hu mere pure privar ke log army me h ya army se ritayrd h ….lekin modi ne galt kadm uthaya to hamare gher se koyi army me ni jayega…ye bs gulam bana na chata h javano ko ak javan ke shat dhokha ho rha h ….es ghtiya aadmi ko shrm aani chaiye pm ki kursi pr aaj ye javano ki badolt betha h

  12. Vijay Kumar Mungara

    PM saheb to bhadiyaa saa coat pehanke meeti meeti bhade bhade bhaat kartee tee….abhi kyaa neend mei chale gaye to nai

  13. garidhura nahum sharma

    57 yr me jawan marjayega duty karte karte jiwan vhar narak me sarkar marega ye faisala galat hai sarkar ka

  14. Surendra Singh

    सर जी पृणाम,,अगर ऐसा करते हैं तो वर्तमान और भविष्य में सेना के सैनिक क्या कहेंगे हमेशा बददुआ देते रहेंगे, कुछ बचाने के लिए कहीँ अधिक खोना न पड जाये

  15. Dheeraj Rawat, rajput

    Only offer ka fayda hoga bas jawan to chutiya hai darpok hai bas iska fayda… Officer jawan ki kamjori janta hai ki jawan Koch ni bolega..

  16. Rajendra Patel

    Very bad…. Not possible for combet force in ORS ranks

  17. Suresh Kumar

    Ya ap sab bakvash bat Raho ho

  18. Jayanta Panda

    Sir ek Sepoy ka service 17 sal hota hai To usko kese milega pension… Bataye Sir plz

  19. Bank nifty expiry magic

    Entitled pension par discussion hona chahiye na ki age factor pension par.

  20. Dhanesh Mehta

    It's totally for officers benifit

  21. ऋषि खत्री

    Arty इन्फैंट्री armad में ये नहीं होनी चाहिए

  22. Bachan Singh Rawat

    This proposal is framed for giving financial benefits to officers only. The main fighting force and backbone of the Army ie JCos/ OR of Infantry segregated for facing bullets and sacrifice for the nation.

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