Page 7 - Retirement

Retirement homes: A haven for those too old to work, too young to die

They aren't the popularly imagined dwellings for spurned old parents, but offer a holistic lifestyle for those among the elderly who still have a great zeal for life

Survey shows most senior citizens want to work beyond retirement age

Conducted across urban centres in northern, western and southern India, the study shatters myths about the way the elderly spend their money

60% seniors want to work post-retirement, spend on leisure travel: Survey

Around 64 per cent of seniors, aged 50 and above, want to continue working post-retirement for financial independence, mental peace, and to maintain a healthy lifestyle, according to a survey.

Purchase annuities in a staggered manner to get a better rate of return

Buy plans that do not have return of purchase price option, at a later age, to get a better rate of return

China's plans to hike retirement age from 60 fuels public discontent

China's retirement age has remained unchanged for more than four decades at 60 for men and 55 for female white-collar workers, even as life-expectancy has risen

Planned for your retirement yet? Here are some quick thumb rules to start

Heuristic guidelines are a good place to start. Once you get a hold on them, seek professional advice

To retire rich, don't leave too much to your kids

The retirement plan of Indians, like struggling middle-class people everywhere, now leans on spending on the education of their teenagers

No proposal to change retirement age of central govt employees: Govt

There is no proposal to change the age of retirement of central government employees, Minister of State for Personnel Jitendra Singh said on Wednesday

Managing expectations

EPFO subscribers should be prepared for lower returns

Strapped for cash? Dip into your EPF corpus only as the last resort

Sell off investments that you possess in a manner that your asset allocation is maintained

Air India employees protest delay in disbursement of retirement dues

The employees have asked the Air India CMD to intervene in the matter urgently and ensure that retirees are given their final settlements in terms of the Office Order

From arbitration award to power arrears, here're the key court orders

An international arbitration wound its way through four courts in India, and two times in the Supreme Court, lasting two decades before ending last week at the apex court

Limit on employer's contribution to retirement plan: All questions answered

Contributions to NPS may need to be scaled down

Titan pays Rs 25 crore to ex-MD Bhaskar Bhat as special retirement benefit

The Tata Group JV saw an increase of almost Rs 77 crore in the employee benefits expenses for the quarter

Mega mergers and mega pension liabilities

As the government tries to set up robust next generation banks, concrete steps are needed to tackle the long-term risk of retirement liabilities

India's public spending on old-age pensions a mere 1% of GDP: Study

India, Indonesia and South Korea are among the countries with the highest share of people who wish to continue working after the retirement

Purchase an annuity, but go for the right variant at the right age: Expert

Retirees may consider a few other products as well to generate a regular income after retirement

Annuity plans take care of longevity risk, but their rate of return is low

The key attraction of an annuity is the promise of a fixed and regular income after retirement

Economic Survey warns of aging population, says retirement age should rise

It also said that policymakers need to prepare for an increasing number of elderly people, estimating there will be 239.4 million Indians over the age of 60 in 2041 against 104.2 million in 2011

Pension burden: More Japanese opt to retire late, extend employment period

Some economists expect the average pension-to-wage ratio to keep deteriorating and worries are growing that Japan's 'pay-as-you-go' pension scheme may be unsustainable