Retirement Age Men in India is expected to reach 60.00 by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Retirement Age – Men is projected to trend around 60.00 in 2022, according to our econometric models.
Likewise, what is new retirement age?
Notably, the state government had in May last year increased the retirement age of government employees to 59 from 58 years. The gesture from the state government came into immediate effect and the government came out with an order (GO) to give effect to the chief minister’s announcement.
Furthermore, is the government changing retirement age?
Normal pension age
The age is currently 55 but the consultation published earlier this month confirmed the government’s intention to increase it to 57 on 6 April 2028. Saving at an earlier point in life will allow you to take a longer investment horizon to generate potentially better return.