 |
| LATEST LATEST LEGAL NEWS ARCHIVE |
LATEST NEWS & EVENTS Forcing older workers to retire 'is costing the UK'  The UK's mandatory retirement age should be scrapped as it is costing the country billions of pounds. This is according to Age UK, which claimed that the practice of making employees give up work when they hit 65 has opened up an estimated £3.5 billion gap in lost economic output. Among this is £2 billion in lost earnings for the workers themselves, the charity claimed. It noted that while the three main political parties have committed to changing the law in this area, neither Labour nor the Conservatives have guaranteed a complete end to forced retirement. They have all been campaigning ahead of the general election, which will take place on May 6th. Age UK director Michelle Mitchell said: "While party leaders are gearing up to lock horns over the state of the economy, they should remember that scrapping the default retirement age is a simple step to boost public finances." Jonathan Gray, employment partner at Lamport Bassitt, said: "Even if the default retirement age is retained it is unlikely to remain at 65 indefinitely. "With the state retirement age set to rise, it would be a difficult case for the government to make for it to stay at 65. "It should also be noted that an employee only has the right to request to work beyond 65, not a right to actually work beyond 65." 
Related Articles: 3/5/2012 - OECD called into investigate 'blatant' employment law breaches at Liverpool firm 27/4/2012 - Supreme Court ruling gives green light to forced retirement? 20/4/2012 - Disabled workers demonstrate over Remploy closures 5/4/2012 - Employment tribunal rules set for shake-up 4/4/2012 - Bosses urged to make Diamond Jubilee a holiday More Employment Law News |
|||
| © 2012 Lamport Bassitt | DEFAULT ZOOM | DISABILITY INFORMATION | LEGAL INFORMATION |