The recruitment agency with a mature outlook and an innovative approach!
|Pension age 'may rise quicker than expected'|
|Latest Recruitment News - HR and Recruitment Legislation News|
|Written by DirectNews Feed|
|Wednesday, 26 May 2010 00:00|
A human resources consultancy has today (May 26th) said that the state pension age may rise quicker than was expected following yesterday's Queen's speech.
According to Towers Watson, the inclusion of a Pensions Bill in the speech could mean that the current timetable for altering the scheduled increase on the state pension age is changed, but it will still not rise above the age of 65 until 2020 for women and 2016 for men.
The government has effectively pledged to revise the legislation passed by its predecessor, which is almost certain to now be largely scrapped.
John Ball of Towers Watson said: "While attention has focused on how soon the state pension age will rise to 66, the bigger question is what happens afterwards.
"Rather than rising to 68 by 2046, we could see it going up further and faster."
The default retirement age if 65 formed a large part of the three major political parties' electioneering prior to the general election on May 6th.
While the incumbent government at the time, Labour, promised to review the legislation should they be re-elected, both the Conservatives and the Liberal Democrats pledged to scrap it altogether.
Posted by James Strang
Contact Us Today
020 7329 4044
Latest Recruitment News
Businesses that support older workers will be rewarded with a ‘full house’ of experience, dedication and energy
(Monday 20 May 2013)
Latest job figures show 2.56 million unemployed
(Tuesday 14 May 2013)
Older workers are a vital and untapped resource for business says the Pensions Minister, Steve Webb
(Thursday 09 May 2013)
Key information for employers on age discrimination in the workplace
(Wednesday 08 May 2013)
As an employer, how can you prevent age discrimination in the workplace
(Wednesday 01 May 2013)