Good News: Retirement Age Increase! The retirement age was soon raised by EPFO; how much will the age rise, according to EPFO?

 Good News: Retirement Age Increase! The retirement age was soon raised by EPFO; how much will the age rise, according to EPFO?

India's Employees' Provident Fund Organization (EPFO) has recommended raising the retirement age for both government and private employees.

Retirement Age Increase: Various news stories about the retirement age are currently being published. The Employees' Provident Fund Organization (EPFO) has suggested raising both the commercial and public sector retirement ages. Is. In light of the rising senior population in the nation, EPFO is thinking about raising the retirement age.


According to media sources, EPFO has stated that raising the retirement age will significantly lessen the strain on the pension system. The government and the workers will both profit from this. The government is therefore considering this concept.

retired employees According to the information organisation, India will have more than 140 million people over the age of 60 by the year 2047, which will place a lot of strain on the pension fund. Other than this, it can be up to 67 years in other nations.

An official provided information, stating that when the retirement age rises, more money will be placed into the pension fund on behalf of the employees, increasing their benefits.


What age may one currently retire?
Let us inform you that 58 to 65 years old is the maximum retirement age in India. All categories of private and public sector personnel fall under this. In addition, if we discuss the European Union, the average retirement age is 65 years. Currently, the retirement age in the US is set at 66 years, but it is 67 years in Denmark, Italy, and Greece in Europe.