Foundation for Indian Diaspora in Europe

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Plenary session 1: Retirement Issues and Planning

Life expectancy has been steadily increasing in almost all parts of the world. This trend has accelerated in the last decade and Dutch data show that by the time one survives the next 2 months, one would get an extra week as a bonus to life expectancy. Two thirds of the increased life expectancy is due to a lower mortality in persons aged 65 years and above. Thus, it should be apparent to one and all, particularly to the younger generation, that an increasing part of life is available after retirement. Therefore, an early planning for retirement should not be ignored. Addressing the needs of Indian and Surinami communities, speakers will highlight many of the issues relating to retirement.

12:00 - 12:05	Introduction	Prof. Dr. Pramod R. Saxena (Moderator)

12:05 - 12:15	Planning for retirement; a case report with personal experience	Drs. B.N. Madan, Panellist
	The speaker will narrate a ‘personal story’ and outline issues that are important for planning for future retirement
12:15 - 12:25	Psycho-social issues	Prof. Dr. Onkar N. Srivastava Panellist
	Decline in mental capacity, failing memory, lack of capacity to cope with changes in societal systems and technology Loss of daily routine and a need for a reorientation of one's life-pattern, need for change in old habits accumulated and reinforced through the years, need for bringing one's own cultural values in line with the cultural values of the changing society, need to take on a different role within the family vis-à-vis one's spouse, children and grand children and the need to find for oneself new areas of usefulness Loneliness and diminished social connectivity
12:25 - 12:35	Changing needs with retirement	Prof. Dr. Chan E.S. Choenni Panellist
	Elderly housing Family support system Food and health Financial arrangements and support Integration with Dutch society
12:35 - 12:45	Legal regulations and healthcare system	Drs. Sekhar Bissessur Panellist
	Vitality scheme (‘Vitaliteitsregeling’) Estate planning AOW (‘Algemene Ouderdomswet’): Changing retirement age and state pension WMO (‘Wet Maatschappelijke Ondersteuning’): laws for people with modest handicap AWBZ (‘Algemene Wet Bijzondere Ziektekosten’): laws for people with serious mental and physical handicap
12:45 - 13:15	Panel discussion & Closing remarks