IS IT A GOOD IDEA OR NOT???
- 29 July 2010 13:4162806Govt announced today it will stop employers make people retire at 60/65
Whilst I applaud the 72 year old working in Asda and the life hes able to lead,
there is a downside that if people don't retire then;
1; They will never get much of a social life
2; There will be fewer jobs for youngsters to go into.
What do others think - 29 July 2010 13:5462807I believe the retirement age should stay the same as it was.
- 29 July 2010 14:2362817There is a pro and a contra, but the answer to the unemployment problem lies in other factors. One, the advanced state of technology that excludes so much traditional manual work to such a massive extent.
Two, well, never mind!Chanters, Drums and Drones Potty Time http://youtu.be/99fMqpjnXYA
Rule Britannia!
Kent First http://youtu.be/04F3mAP3fV4 Keep banging on http://youtu.be/qYCU_SKmkGQ - 29 July 2010 14:5862824the retirement age has to rise, the years that people draw state pension increases year on year.
when it was set at 65 most people drew it four or five years befire conking out, now it is twenty years or more. - 29 July 2010 15:0462827The problem there Howard is, are we meant to penalise people for having the nerve to be healthy/active enough to be able to enjoy a retirement? While those that wish to continue working, and are able to, should be allowed to do so the road to 'work until you drop' starts here.Politics, it seems to me, for years, or all too long, has been concerned with right or left instead of right or wrong.
Richard Armour - 29 July 2010 15:0662830i thought that was the proposal chris, the way i see it is that employees will be protected from being forcibly retired.
- 29 July 2010 15:0862832It is but how easy to then move on to raising the age at which retirement is allowed?Politics, it seems to me, for years, or all too long, has been concerned with right or left instead of right or wrong.
Richard Armour - 29 July 2010 15:0862833Pensions are buggered anyway. It's the only pragmatic solution to the bankruptcy (moral and fiscal) bequeathed us by Gordon Brown's disgraceful policies.True friends stab you in the front.
- Jan Higgins
- Location: Dover
- Registered: 5 Jul 2010
- Posts: 13,931
29 July 2010 16:0762858I can understand why some of us oldies who do not want to retire but........
What about the young who would have taken those jobs.
What about the volunteers needed by so many organisations, where will they come from, The young do not seem to be interested most would rather play X=Box etc.
What about those of us whose brain is still OK but the body has loads of problems. I write this as one of the latter but not too sure about the brain at times.
Also a fair ammount of extra earned money will go on tax so for many hardly worth the effort.-----------------------------------------------------------------------
I try to be neutral and polite but it is hard and getting even more difficult at times.
------------------------------------------------------------------- - 29 July 2010 16:2862868Totally agree with you Jan, I'm over 60 and still working but I pay far more in tax now. In my job I can work til I'm 70 if I want to but much as I love my job I can't see me getting up at 6am and giving half my wages to the taxman being so attractive in the cold winter months. I too have an active brain but sometimes my poor old body says slow down!!!! lolThere's always a little truth behind every "Just kidding", a little emotion behind every "I don't care" and a little pain behind every "I'm ok".
- 29 July 2010 16:2962871I know the feeling Jacqui
If you knew what I know,we would both be in trouble! - 29 July 2010 16:3462872Well as for myself I just could not carry on,I had to be helped down a ladder on my last job which turnout to be my last day at work ,well I was 67years old and if you do that kind of work if you make 65years you are lucky and need to call it aday.
- 29 July 2010 17:4862909I support this move for number of reasons.
1. The country cannot sustain our pensions (thanks to Gordie) so we need to work longer.
2. We are much healthier now at 65 than in my parents and their parents time, so we are able to work longer.
3. The state pension is a pittance and this move allows those who can and want to, to work that bit longer.
4. It gives us, the individual the choice to carry on if we want to, rather than being ejected by youth driven employers.
5. It marks the first stage, I hope, of this Government tackling the rampant age discrimination in this country.
I get report every month telling me the state of the IT industry in the UK. In the "Jobs" section there are ALWAYS more jobs than applicants, yet I know several 'old gits' who are more than capable experience-wise of doing a good job but don't get a look-in. This is because either the qualifications required are set unnecessarily high, or, they are deemed at 50+ not to be 'energetic', the new word for young.
I've already mentioned the HR slimeballs who now insist on a 2:1 degree before they will even condescend/waste their time looking at a c.v.
So, I'm probably being overly optimistic, but to me this marks a potential turning point in this country's behaviour towards it's experienced workforce, and it is long overdue and an indictment against the Labour Party who failed to sort this out when in power. - 29 July 2010 17:5362913sid
the age of entitlement to the state pension is nothing to do with our old friend gordon, bullet point 2 proves this point.
i doubt also that employers will have a change of heart with employing mature staff, where employers will gain is when they have an excellent employee reach 65 who wants to work until 70.
the cost of hiring and associated costs will have appeal to the employer who would rather keep an existing staff member. - 29 July 2010 17:5562916Howard, Gordie raped the pension funds reducing the value to all. Nothing to do with age of entitlement.
- 29 July 2010 18:5862947sid
we are talking about the state pension not the private ones.
the pensions secretary made this quite clear today. - Jan Higgins
- Location: Dover
- Registered: 5 Jul 2010
- Posts: 13,931
29 July 2010 19:0562950Sid
65 year olds plus might be basically healthy but, as in my case, far from fit as I said earlier.
What is the point of keeping the elderly working but the young unemployed, there is no financial benefit there.
I am in favour of choice but not pressure.-----------------------------------------------------------------------
I try to be neutral and polite but it is hard and getting even more difficult at times.
------------------------------------------------------------------- - Ross Miller
- Location: London Road, Dover
- Registered: 17 Sep 2008
- Posts: 3,709
29 July 2010 19:1962953Lets get serious, state pensions are a major financial burden on the tax payer and crying out for reform.
There are a number of things the state needs to consider regarding pensions:
a) given life expectancy and health standards today what are future projections for state pension costs on various basis (e.g. no value rise, rise in line with average pay, rise in line with cpi etc.)
b) given falling birth rates, what are future projections for tax take based on current rates etc.
c) what are future forecast for other government spend and income
d) how does changing the age one is entitled to the state pension change these numbers
e) what impact are gold plated civil service pension schemes having on the ability of the state to provide pension to the rest of us
Private pensions are a different issue - the state needs to consider
a) how do we encourage young people to make provision for their old age
b) how can we empower people of all ages to take control of their pensions and work with their providers to shape their pension appropriately at different stages of their lives
c) is it more cost efficient to give people tax incentives to make pension provision rather than giving them an earnings related pension when they retire
e) should the state interfere at all in the age someone can access their private pension provision
f) should tax changes to private pensions be reversed"Dream as if you'll live forever. Live as if you'll die today." - James Dean
"Being deeply loved by someone gives you strength,
While loving someone deeply gives you courage" - Laozi - 29 July 2010 19:3162955Yes Jan, but with this change those who are fit and want to carry on will be able to. Those who are fit or unfit and want to stop can, dependant of course on the age restrictions in place at that time.