Government Announces Review of Retirement Age

David Reid
6th Nov 2009

Last week, it was announced that the Government has opted to bring forward to 2010, a review of the default retirement age of 65, found in the Employment Equality (Age) Regulations 2006.

Couple retirement

Last week, it was announced that the Government has opted to bring forward to 2010, a review of the default retirement age of 65, found in the Employment Equality (Age) Regulations 2006.

 

There has been much debate on whether the current default retirement age of 65 is fair and whether it works in practice.

 

The Government’s decision to bring forward this review as outlined in its 'Building Society for all Ages' strategy is a clear sign that the consideration of the practicality of the current default retirement age of 65 is firmly on the Government’s agenda.

 

One of the first steps the Government has taken in respect of its review is to commission a survey of employers’ policies, practices and preferences relating to age and to examine the use of the default retirement age and other age based practices.

 

The survey is being conducted jointly by the Department for Business, Innovation and Skills (BIS) and the Department for Work and Pensions (DWP) and will consider whether the default retirement age of 65 remains “appropriate and necessary”.

 

The intention is to look at a raft of issues, including the needs of businesses and individuals in the prevailing economic climate.

 

As part of their survey, The DWP and BIS have issued a joint call for businesses and individuals to submit evidence to feed into the full review that will take place next year.

 

Evidence is welcomed on, but not limited to, the following:

  1. The current operation of the default retirement age in practice;
  2. The reasons that businesses use mandatory retirement ages;
  3. The impacts on businesses, individuals and the economy of raising or removing the default retirement age;
  4. The experience of businesses operating without a default retirement age;
  5. How to mitigate the costs of raising or removing the default retirement age and how benefits might be realised.

Submissions are requested by 1 February 2010 and can be emailed to draevidence@bis.gsi.gov.uk or posted to DRA Evidence, Department for Business, Innovation and Skills, V497, 1 Victoria Street, London SW1H 0ET.

Share this with