Tuesday, September 7, 2010

Retirement age in private sector to be raised to 60 | Bloggers and Marketers

Retirement age in private sector to be raised to 60 | Bloggers and Marketers
A government-appointed expert committee on pension reforms has recommended hike in retirement age to 60 years in the private sector in a move with significant repercussions for employment plans and post-retirement benefits.

Junior labor minister Harish Rawat told Times of India that it is a tedious task to ensure that pensioners get higher minimum pension and the coverage increases but the task if ensuring higher contributions in respect of limited resources will be attempted.

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