IoD: raise retirement age

27-07-2005

Take it up to 70. The Institute of Directors (IoD) has called for the government to raise the official retirement age to 70. In a warning to the government�s Pensions Commission, the IoD claimed the move is needed to fund a rise in the basic state pension.

�The retirement age should not be rigid. In Sweden, as the average rate of mortality rises, so does the pensionable age,� said IoD director general Miles Templeman (pictured).

�The notion that your last job is also your most senior role is wrong. Employers must think of those jobs that are less demanding in terms of time and energy for workers as they approach retirement.�

However, unions said the proposals needed more work. �[The government] could have gone much further by ending arbitrary age-based retirement,� said TUC general secretary Brendan Barber.

�We are also concerned that the right to request to work beyond employer-set retirement ages is too weakly drawn, and will monitor its implementation carefully.

�This extremely cautious response to the European Directive is a missed opportunity to really extend choice by giving people far more control over not just when they finally give up work, but to establish new routes to retirement.�

RECRUITER

Bookmark with:
Bookmark with: Digg Digg Bookmark with: Del.icio.us Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Automotive
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
Health / Beauty
Hotel / Catering / Restaurants
HR / Recruitment
Insurance / Pensions
International / Overseas
IT / Internet
Legal
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Telecommunications
Transport / Logistics
Travel / Tourism / Leisure