Island Life Magazine Ltd February/March 2011 | Page 61

A BRAND NEW SECTION FOR THE OVER 60s Island Life - February/March 2011 at 60... ISLAND LIFE is great continue working beyond the official to 66 earlier than planned. He added retirement age. that around seven million people are The move to phase out default retirement age – known as DRA - is currently not saving enough to meet their retirement aspirations. among several steps the Government There has been mixed reaction to is taking to help and encourage people the proposals, with many campaigners to work longer. Other measures put welcoming them while some employers into place include reviewing when the have taken a different approach state pension age should increase to to B&Q, claiming they could make 66 and re-establishing the link between workforce planning more difficult. can make to the workplace. "Employers have nothing to fear from this change. This is an outdated policy Chris Ball, chief executive of The Age and the removal of forced retirement and Employment Network, said: "Many is an opportunity to put policies and "With the DRA removed there is no employers will need to adopt a totally processes in place which make the most reason to keep employees' right to new mindset. They will need to actively of an age-diverse workforce." request working beyond retirement or plan and assist workers to be able to go for employers to give them a minimum on contributing to the success of their for The Chartered Institute of Personnel of six months notice of retirement. organisations. and Development, added: "Our research earnings and the basic state pension. A department spokesperson said: "Although the government is "This may mean adapting work Diahnah Worman, the diversity adviser has shown that many employees wish proposing to remove the DRA, it will practices and work places. It will to work past retirement for differing still be possible for individual employers certainly mean providing opportunities reasons and many employers are to operate a compulsory retirement to train or retrain and to work already benefiting from allowing such age, provided that they can objectively more flexibly, and, crucially, actually flexibility." justify it. Examples could include air recruiting people in their 50s and 60s traffic controllers and police officers." where they may not have done so in the Pensions minister Steve Webb past." admitted in an interview in The Rachel Krys, campaign director of Independent newspaper that people anti-ageism group the Employers Forum face a "hell of a shock" when they on Age said of the default retirement reach retirement because of their failure age: "Its removal is simply common to save. He agreed the basic state sense. With rising life expectancies, pension of £97 a week is not enough to and people staying fitter for longer, it is live on, and confirmed the Government archaic to assume that someone's age would raise the state retirement age is an indicator of the contribution they Visit our new website - www.visitislandlife.com 61