Formulating a national policy to have financial security for elderly population

Formulating a national policy to have financial security for elderly population

Yangyel Lhaden

When stakeholders met to formulate a national policy for senior citizens in Bhutan in Thimphu on May 19, everyone agreed on the need for financial security for elderly population and recommended a pension scheme.

The stakeholders included representatives from Zhung Dratshang, armed forces, non-government organisations, civil society organisations (CSO), the Office of the Attorney General, and representatives from senior citizens.They recommended a pension scheme to benefit the larger population, deducting certain percentage from employees’ salary and financial institutions to contribute to social protection of older people, and universal basic income.Few available studies from National Statistics Bureau (NSB) 2017 […]

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