New State Pension Age and Default Retirement
Chancellor George Osborne has announced that the coalition Government will accelerate the increase in state pension age to 66 years.
This development leaves little doubt to the future of the default retirement age of 65.
Comments from the CIPD on plans to raise the state retirement age:
“It is no great surprise that the Government is planning to accelerate the rise in the state retirement age. However, it is a shame that they have swerved a clear decision on the default retirement age, and have chosen instead to hold yet another consultation on its abolition. They should make their consultation swift, and move quickly to bring to an end the absurdity of enforced retirement. In tough times like these, it is all the more crazy to force people out of the labour market and into the pension claimant ranks. People who want and are able to keep working can do more to reduce the deficit than people forced out of work and into unwilling retirement.”
http://www.cipd.co.uk/pressoffice/_articles/220610-The-CIPD-responds-to-the-implications-of-the-Budget.htm
Susan Lavery | 2 July 2010 - 12:49pm |
