Increasing workforce participation of older workers is considered to be good for the economy as well as individuals.
Browsing: Retirement Scheme
A research to determine employees’ readiness to retire found that a surprisingly large number of the respondents look forward to their lives after retirement. Countries, such as India, Brazil and China have shown relatively higher rates of retirement readiness than others.
All employees above 40 years of age and with over 10 years of service will be eligible for VRS.