No luck over challenge for UK retirement age

October 19, 2009 by admin  
Filed under News, News Utilities

It has recently been announced that a law that enables employers in the UK to make employees retire at the age of sixty five is to be upheld, at least for the near future. The decision was made by the High Court, and means that workers in the UK may be forced to retire at that age whether they want to or not, and without any sort of payout from the company.

It has been reported, however, that the judge dealing with case said that there was an argument for the compulsory retirement age in the UK to rise.

The decision from the High Court is said to have been welcomed by a number of employers, as it means that the variety of lawsuits filed by employees that were forced to retire are now likely to fail.

The rules have not been challenged by the age charities, Help the Aged and Age Concern, which were campaigning for the retirement age to be increased, and the reason for them charities not appealing is that they expect that there will be a change in regulations in the near future anyway.

A review of the compulsory retirement age was scheduled to be carried out in 2011 by the government but it has now been announced that this is to be moved forward to next year. Age charities have said that this will most likely bring about a change in regulations.

At present employees can ask their employer to allow them to work past the age of sixty five, but the employer is well within their rights to refuse this request without an reason or payout to the employee.

The judge in the case said that if the government had not brought its review forward he would have considered a different outcome. He said: “The position might have been different if the government had not announced its timely review.”

Tags: Superannuation in Australia, retirement, uk, future, Law Crime, year, finance, court

Related Entries

  • Possible further increase in pension age
  • According to recent reports there could be a possible further increase in the state pension retirement age in the UK, which means that people would have to wait even longer before being able to retire
  • Over 55s not ready for retirement
  • Millions of Britons aged 55 or over have not even begun to think about life after retirement.That is according to new research by Abbey which found that around two million people in this age group
  • Couples urged to ‘divide and conquer’ financial responsibilities
  • Couples who take a shared responsibility in their finances are more likely to find themselves in a better position when it comes to their retirement, one financial expert has said. Mike Kalen, president and chief
  • How does your future retirement look?
  • Most of us look forward to a comfortable retirement when we eventually reach out golden years, and we all want to be able to spend time travelling and seeing the world, spend quality time with
  • Brits admit saving less for retirement
  • As the prices of food and fuel continue to increase, Britons admit they are saving less for their retirement, a new report reveals.Research published by financial services firm Edward Jones has shown that many people
  • Brits think of retirement first
  • The majority of Brits are more concerned about their pension than getting a mortgage.New research shows that the average person in the UK begins putting money towards their retirement before taking their first step onto
  • Firms will have to stop forcing pensioners to retire
  • In his recent pre-election budget speech the Chancellor of the Exchequer, Alistair Darling, indicated that the Labour party was looking at scrapping the default retirement age, which would mean that firms would have to stop
  • Bleak retirement picture
  • Most of us will be unable to retire at the age we want to, will rely on our parents for financial support and will endure a reduced standard of living once we do.That is how

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!