RETIREMENT AGE ENHANCED TO 65YRS

08 Feb, 2014 12:22p.m.

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