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There is no system of social security for senior citizens in India especially non pensioners who have retired from private sector or relinquished from business or self employment. The Government should consider a social security scheme for all the Senior citizens of the Country whether he is an IAS officer or a Farmer so that every body can live a dignified life atleast before death. The Government pensioners should be paid full pension upto 10 years from retirement and thereafter there should be a uniform pension to all senior citizens after the age of 70. The Government can introduce a social security tax of 2% to achieve this.

2007-03-10 16:14:06 · 2 answers · asked by subramaniam r 1 in Business & Finance Careers & Employment

2 answers

(1) Purpose of the pension is to prevent corruption. As pension is payable employees are to do honest job; without seeking illegally for future.
(2) Those who do not get pensions; are getting contributory provident fund. They can earn per month interest by adopting various monthly return plans of nationalized banks.
(3) Self employed & businessmen have no retirement age, they can be benefited by insurance schemes. They have to pay less taxes because tax collection from them is arbitrary.

2007-03-10 16:32:18 · answer #1 · answered by deepak57 7 · 0 0

Great senerio but just like the U.S. it doesn't work. Seniors after paying into social security for years are also living many years longer reducing the overall scheme. As for seniors working to suppliment their incomes well, the illegal immigrants are taking all of the jobs and the government refuses to do a damn thing about it.

Deal with it, I trust this will offend but then again the truth will always hurt. Enjoy the basic facts of life.

2007-03-11 00:23:35 · answer #2 · answered by Kyle L 1 · 0 0

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