September 23, 2014

Retirement age

May 21: This has reference to a news item published in The News on May 12, 2012 in which it has been mentioned that the European Union nations and other economies have approved legislation to increase employees’ age of retirement from the current 60 years for women to 65, and for men from 65 to 67 years. Italy also plans to hike the retirement age to 70 years for men and 66 for women. Considering the demographic transitions in Pakistan, where life expectancy has increased in the recent years for men and women as reported in various surveys and reports by National Institute of Population Studies, Pakistan Institute of Development Economics and other reputable organisations, it is the right time for the government to revise the age of retirement and increase it from the existing 60 years to 65 years.

This step would not only ensure continuity in implementation of national policies and programmes but will also stop the practice of granting extensions to favourites and cronies. The pay and pension committee should draft a bill in this regard.

A letter by Dr Sughra Bibi

Published by Daily The News on May 21, 2012

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