Retirement age Increased – Earlier, Organizations of employees have said that the retirement age in the private sector might be increased in the coming days. EPFO has given new advice to reduce the pressure on the pension fund.
All the things you need to know about Retirement age Increased in India.
EPFO has published a report, in which it says, the retirement age of private sector workers should be increased to reduce the pressure due to the increase in the number of employees. Another report of the organization says that after 2047, the number of people over 60 years of age in India will be more than 14 crore.
Recently, a big update has come regarding the retirement age of the teaching staff of Lucknow University. The Lucknow bench of the Allahabad High Court has directed the state government about Retirement age Increased of the employees of Lucknow University.
Their retirement age Increased by 3 years (might be). Retirement age of the employees of Lucknow University might Increase from 62 years to 65 years.
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Written and edited by Rajeshwari.