New Scheme for Railway Staff taking voluntary retirement Indian Railways is all set to start new scheme for its employees who take voluntary retirement from service. Under the safety related retirement scheme‚ railways will provide employment to one of the family member of the retiring employee. This scheme can be availed by an employee‚ aged between 50-57 and employed under the safety category‚ who have completed the minimum tenure of 20 year service. General Secretary of All India Railway Federation
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If the workforce is decreased‚ it will lead the bad impacts on productivity and economic growth. The GDP for one people will decline obviously. The economic will be downturn because of the GDP. Also‚ aging population means that there is much more retirement‚ then the declining size of the workforce is appeared in the market. The remaining working population has to increasingly bear the tax burden and they need to take care of the elderly.
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liable for our approval; Benefit reductions and Revenue increases. Under the circumstances of benefit reductions there were many solutions given‚ but very few that I agreed with. For example‚ one approach that I disagreed with was increasing the retirement age for full benefits. I do not believe that this approach would be fair for people who work in a much physically demanding job; which tend to be those of the middle – low income class‚ who rely on the benefits of Social Security the most. I personally
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commercials or government establishments. For the retirees ‚ they are granted the continuance of the same benefits and privileges by the Government Service Insurance System (GSIS)‚ social security system (SSS) and PAG IBIG. Retirement benefits of senior citizens on both
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The Aging Population Is To Blame For Uncontrollable Healthcare Costs The Mythbuster’s take on the issue based on the facts‚ Canadians 65 years of age and older is increasing as the baby boomer generation in reaching the retirement age and older adults need more medical services than younger people‚ is that the media has invoked this fearsome image that the aging population’s expenses are inflating overwhelmingly until the system comes to be unmaintainable resulting in increased taxes and/or cuts
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Life expectancy is a statistical measure of how long a person or organism may live‚ based on the year of their birth‚ their current age and other demographic factors including gender. There are several sites available that will help one determine how many years one is expected to live. Life expectancy can be put into a mathematical formula ex where e denotes the expected number of years remaining and x denotes the person’s present age. There are several variables that are included when determining
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Modern society view’s aging as a form of sickness and the elderly as persons who are closer to dying and death. This is what is often portrayed in our mass and social media. When considering issues of aging sociologists have found that more positive characteristics are often said for persons under sixty five years than for over sixty five years. For instance ‚ growth and development‚ beauty‚ good health‚ happiness are more likely to be listed as characteristics of being under sixty five years
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Dealing with poor performance: case study 1 This case study was published on 08/11/2011 on the XpertHR website (of which the University subscribes). It is written by Caroline Noblet an employment lawyer with solicitors Squire Sanders Hammonds and deals with poor performance. This looks at a situation in which a manager initially wants to consider dismissing an employee for her poor performance even though the employer has failed to address the poor performance to date. It is written in the context
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reach retirement age they are often wealthier‚ healthier and much more active than their predecessors. By the time they reach retirement age‚ most of these people have built up a considerable amount of economic and social resources that they can contribute to their community. An example of this would be in the case of new businesses. Older people are much more successful when starting a new business than younger people (Atterton‚ J. 2008). The negative side of the retirement age is
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Old Age Homes in India Q1- How many old age homes in India? Ans- Old Age Home refers to a multi-residence nursing home for old people‚ which is also known as retirement home. Each couple or person lives here in a room which is either apartment style or is a set of matching of rooms. Under one roof or in a one building old people are served with different facilities like gatherings‚ meals‚ health or sanatorium care‚ and recreation activities. Levels of these facilities differ from each other.
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