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.
Not in the case of some asian countries. In China and the Philippines, the default retirement age is 60.ReplyDelete
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Thanks for the information. Another thing is that retirement age varies from country to country. Sometimes, it can also depend on a particular occupation or profession.ReplyDelete
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