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Friday 25 June 2010

Work till you drop...

It makes a great headline, 'work till you drop', invoking as it does, grainy black and white images of elderly folk breaking rocks, lashed by some grinning, brute faced thug. The reality of the matter isn't quite so dreadful, the retirement age for men is being raised in four years from 65 to 66, and the default retirement age at which a company can boot you out the door for a younger, cheaper model is being scrapped.
The fact is we are leading longer, healthier lives and our pension pot can't support it, we have to do something and getting rid of compulsory retirement is a good start. A word of caution though, we need balances and checks to make sure we're not just taking 65 year olds off pensions and putting 18 year olds on benefits.

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