Sunday, January 23, 2011

Ministers confirm end of default retirement age

The Default Retirement Age (DRA) of 65 is to be phased out between 6 April and 1 October of this year, the government has confirmed. The Department for Business said that as well as benefiting individuals, "the freedom to work for longer will provide a boost to the UK economy". Employment Relations Minister Edward Davey said: "Retirement should be a matter of choice." Presently, firms can use DRA to make staff retire at 65.

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