Retirement Age

The ageism debate

India will gain from raising the retirement age

A risky misstep: Prioritising near-term goals over retirement savings

Too many loans can diminish your ability to save; spending lavishly on children's weddings can also hurt

UP govt approves proposal to increase retirement age of doctors to 65 years

The Uttar Pradesh cabinet on Tuesday approved a proposal to increase the retirement age of government doctors in the state from 62 years to 65 years. However, the decision taken at a cabinet meeting presided over by Chief Minister Yogi Adityanath will not be applicable to senior medical officers posted at the administrative level, an official statement said. The cabinet gave its nod to the proposal to increase the superannuation (retirement) age of doctors working under the Provincial Medical and Health Services cadre, it said. The superannuation age of levels one to four medical officers has been increased from 62 years to 65 years. However, senior medical officers like director general (level seven), director (level six), and additional director/ chief superintendent/ superintendent/ chief city health officer (level 5) will retire at the age of 62 years after completing the superannuation age, the statement said. The medical officers of joint director grade (level four) serving o

Unions plan last wave of protest against Macron's higher retirement age

French unions are seeking to reignite resistance to President Emmanuel Macron's higher retirement age with what may be a final surge of nationwide protests and scattered strikes on Tuesday. A third of flights were cancelled at Paris' Orly Airport because of strikes, and about 10 per cent of trains around France were disrupted. Some 250 marches, rallies and other actions are planned around the country on the 14th day of national protest since January over the pension reform. Macron's move to raise the retirement age from 62 to 64 -- and force the measure through parliament without a vote -- inflamed public emotions and triggered some of France's biggest demonstrations in years. But the intensity of anger over the pension reform has ebbed since the last big protests on May 1, and since the measure became law in April. Some see Tuesday's actions as a last big show of opposition for the movement. Macron says the reform was needed to finance the pension system as the population ages. ..

Over 1 mn people join nationwide protests against pension reform in France

More than one million people in France joined nationwide protests, rejecting the government's proposed pension reform bill that would raise the retirement age from 62 to 64

LIVE: Pakistan court cancels arrest warrants for former PM Imran Khan

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Air India makes another voluntary retirement offer for non-flying staff

Air India on Friday made a voluntary retirement offer for its non-flying staff, the second such offer by the Tata Group after taking control of the loss-making airline in January last year. The latest offer will be available for permanent general cadre officers who have attained the age of 40 years or above and completed a minimum of five years of continuous service at the airline, according to a communication. Also, clerical and unskilled categories of employees who completed a minimum of five years of continuous service will be eligible. The offer will be open till April 30. Sources said that a total of around 2,100 employees will be eligible to avail the latest voluntary retirement offer. Currently, the airline has a staff strength of about 11,000 people, including flying and non-flying staff. In June 2022, Air India launched the first phase of the voluntary retirement offer. There has been a request from employees for extending the additional benefit of voluntary retirement t

France's Macron risks his government to raise retirement age from 62 to 64

French President Emmanuel Macron imposed a highly unpopular bill raising the retirement age from 62 to 64 on Thursday by shunning parliament and invoking a special constitutional power. Lawmakers were shouting, their voices shaking with emotion as Macron made the risky move, which is expected to trigger quick motions of no-confidence in his government. Crowds gathered and riot police vans zoomed by outside the National Assembly, their sirens wailing. The proposed pension changes have prompted major strikes and protests across the country since January. Macron, who made it the flagship of his second term, argued the reform is needed to keep the pension system from diving into deficit as France's population ages and life expectancy lengthens. Macron decided to invoke the special power during a Cabinet meeting at the Elysee presidential palace, just a few minutes before the scheduled vote in France's lower house of parliament, because he had no guarantee of a majority. Prime Minister

Bar bodies favour amendment to increase retirement age of SC, HC judges

Bar bodies led by the Bar Council of India (BCI) have unanimously favoured amending the Constitution to enhance the retirement age of judges of the high court and the Supreme Court to 65 and 67 years respectively. At present trial court judicial officers, HC and SC judges superannuate at the age of 60, 62 and 65 years respectively and especially the bar leaders have been demanding enhancement of retirement age of judges of the higher judiciary. The Joint Meeting of all the State Bar Councils, the office-bearers of High Court Bar Associations and Bar Council of India held last week had discussed the issue with regard to enhancement of age of superannuation of Judges of high courts and Supreme Court. The same was thoroughly considered; and after consideration, the meeting unanimously came to a conclusion that there should be immediate amendment in the Constitution and the retirement age of Judges of high court should be enhanced from 62 to 65 years and the age of superannuation of the

TMS Ep255: Car safety, retirement age, auto ancillary cos, nasal vaccine

How can India make its cars safer? Should India consider raising the retirement age? Are auto ancillaries a favourable bet as commodity costs ease? How do nasal vaccines work? Answers here

Should India consider raising the retirement age?

India is preparing to face the challenges of rising elderly population. Its largest retirement fund EPFO recently backed the idea of raising the retirement age in line with western countries to deal w

EPFO calls for increasing retirement age to ease pressure on pension funds

The EPFO has almost 60 million subscribers and it has a cumulative pension and provident fund corpus of more than Rs 12 trillion

AP issues ordinance raising retirement age of govt employees from 60 to 62

The Andhra Pradesh government on Monday enhanced the retirement age for its employees by two years to 62.

Most bank CEOs have to hang up boots before 70 under latest RBI guidelines

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Telangana govt announces 30% fitment for staff; retirement age fixed at 61

He said the coronavirus pandemic had shattered the state's economy and due to an unexpected fiscal deficit, the 11th pay revision was delayed

TN govt enhances retirement age of its employees to 60 years

The Tamil Nadu government enhanced the retirement age of its employees, including teachers and PSU staff

China's plans to hike retirement age from 60 fuels public discontent

China's retirement age has remained unchanged for more than four decades at 60 for men and 55 for female white-collar workers, even as life-expectancy has risen

Middle age conundrum: The wisdom and the agony of advancing years

That is what age is. The body doesn't know how to heal itself because you weren't supposed to be here in the first place

Why retirees should opt for savings scheme, and not aggressive hybrid funds

If you were mis-sold this product with the promise of regular dividend, you should exit it

Economic Survey warns of aging population, says retirement age should rise

It also said that policymakers need to prepare for an increasing number of elderly people, estimating there will be 239.4 million Indians over the age of 60 in 2041 against 104.2 million in 2011