1.

Many countries are considering to increase retirement age.

Answer»
  • Generally, retirement age is 60 years in most of the countries. People of this age come under non-productive or dependent age group.
  • In most of the countries life expectancy of population is increasing so old age population is increasing.
  • Due to high number of old age population government has to spend more on pension, retirement benefits, medical facilities etc.
  • Due to high life expectancy people can work for longer than just 60 years of age.
  • Therefore, many countries are considering to increase retirement age.


Discussion

No Comment Found

Related InterviewSolutions