No sooner has the dust begun to settle over last week’s hollow victory for those who support the current (default) retirement age than the Tories have re-ignited the debate.
They say that if they are elected next year they will change the default retirement age to 66 in 2016 – some 10 years earlier than the government has planned. On top of the gradual change of women’s retirement from 60, this marks a dramatic shift. And that’s apart from the fact that the default retirement age will have to be dropped before too long anyway.
Employers are going to going to have to think very hard about how they are going to manage an aging workforce. They will need to think about how they will retrain and reskill older staff – and also how to harness the experience built up by many of those older staff.
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