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Old 09-28-2009, 08:13 AM
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Mary Pat Campbell
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Join Date: Nov 2003
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Roundup of stuff on UK retirement age policies:
http://www.thisismoney.co.uk/pension...=6&expand=true

Quote:
Charities for the elderly have lost a High Court battle to challenge compulsory retirement at age 65.

Age Concern and Help the Aged brought the case to challenge the law that allows employers to dismiss workers with no redundancy pay at age 65.

The charities fought on the grounds that the UK's default retirement age was in conflict with an EU directive against age discrimination.
....
Pensions minister Angela Eagle has brought forward a review of the retirement age to next year, when it is expected that a strong case will be made for raising the compulsory age limit. This is likely to be fought by employer groups.

....
Indeed Mr Justice Blake went further, saying: 'I cannot presently see how 65 could remain as a DRA (Default Retirement Age) after the review.'

There is cross-party support for plans that will increase in the long term the age at which individuals can draw the basic state pension. Between 2024 and 2046 the state pension age will rise for both men and women. This increase, again, will be gradual, occurring over two years every decade.
Reaction to that ruling:
http://timesonline.typepad.com/law/2...n-ruling-.html


Separately, pension plan managers asked about raising retirement age [scheme = pension plan]
http://www.professionalpensions.com/...retirement-age

Quote:
Scheme managers are split over whether the retirement age should be increased to 70.

An exclusive survey by Professional Pensions - which polled 100 top scheme managers - showed that 48% of scheme managers said the retirement age should be increased, 48% believed it should not be raised and 4% did not know.

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This comes after The Pensions Regulator chairman David Norgrove said legislation, which is set to increase the retirement age progressively to 68 by 2044, will go further in the future - predicting it could eventually be increased to 70 (PP Online, August 10).

One scheme manager said the retirement age should be raised - but on the understanding this only applied to people born later than those who currently expect their state pension at 68.

Another manager, First UK Bus pensions manager Ian Robertson, said the retirement age should only be increased to 70 if it was phased in over a long period and consideration was given to occupations that would not be physically possible between 65 and 70

He said: "The state may have to look at some form of early/ill health retirement to cover these people."
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