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« Interest rates: US up, UK same | Main | DirectTV pirate gets 7 years and $24 million bill »

December 14, 2004

Mandatory retirement to be scapped

Mandatory retirement for the under-65's is to be scrapped from 2005, government ministers have announced, according to a BBC report: Ban on forced retirement under 65.

This is a compromise between Age Discrimination proposals - which when motted last year initially suggested allowing workers to stay on until 70 - and business leaders, who argued that allowing older workers to stay on would burden unnecessary costs on employers.

According to the report:

The British Chambers of Commerce welcomed the latest proposal. "This move today is the best of both worlds," it said. "Employers have the ability to define the end point of the employer-employee relationship and employees have flexibility with a right to request to work past the age of 65."

But Age Concern said imposing a retirement age of 65 was 'cowardly' and a 'complete u-turn'. "This makes a mockery of the Government's so-called commitment to outlawing ageism," said Gordon Lishman, of Age Concern

Posted by at December 14, 2004 08:36 PM


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