News, Crikey! Shake-up May Force Brits to Work Into 70s. (move to, retirement)

[JD59]

A British government move to shore up pension savings could force people to work into their 70s, according to a report in The Daily Telegraph in London.

Two steps in that direction include making it illegal for companies to force people to retire at 65 and increasing the age at which employees can claim state pensions to 66 10 years earlier than previously planned. That increase would take effect in 2016 instead of 2026.

Breaking News, Politics, Commentary from around the world (http://www.newsmaxworld.com/global_talk/British_pension_retire/2010/06/25/325689.html - broken link)

[Jaggy001]

Nobody is being "forced" to work into their 70s.

If you make sufficient provision you can stop working when you want. Its just that the age that you can draw a state pension has been increased from 65 to 66.

If you can afford to stop and you want to, then you stop.

[cushla]

I would have thought the obvious thing was to retire people early to free up the jobs for young people ...and what about all the people who have never worked at all.

[Mag3.14]

It will happen. As the average life expectancy increases so the burden on the state to fund pensions will become too great. It is not a conservative or liberal policy, just the reality that the state retirement age will need to increase.