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Many countries are considering to increase retirem...
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.
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