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| CBI: State pension retirement age must rise |
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| Latest Recruitment News - Mature Aged Recruitment News |
| Written by DirectNews Feed |
| Tuesday, 06 April 2010 00:00 |
 The Confederation of British Industry (CBI) has recommended that the retirement age should be increased in line with the state pension age in public sector pension schemes.Current state pension ages stand at 65 for men and 60 for women. As of April 2020, the pension age will be 65 for both sexes and this will then be increased further to 68 for both men and women by 2046. According to the Getting a Grip: The Route of Public Sector Pensions report, some state workers will retire on a full state pension in the 2040s at the age of 60, when the pension age will have increased to 68. The report goes on to state that many public sector pension schemes "have not moved with the times", as although the NHS, civil service and teachers have increased their retirement age to 65 for new workers, the figure remains the same for existing staff. However, the CBI does not accept that scrapping the default retirement age is a feasible possibility. John Cridland, deputy director-general of the CBI, told Personnel Today: "The default retirement age allows a way of knowing when they are going to pay a pension and deal with it in a dignified way." Posted by Daniel Frost. 
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