Older workers' champion to ensure skills don't go to waste

Older workers' champion to ensure skills don't go to waste

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Comments (3)

  • Tony Wheeler
    Tony Wheeler
    Tue, 22 Jul 2014 4:30pm BST
    During this long recession many of our client employers have needed to shrink their workforce to survive . Where they have had long service staff and final salary pension schemes most of their over 55's have taken the option to retire early aware that they will have a good standard of living.
    If the new older workers guru Ros Altmann is successful in encouraging the over 55's to remain in their jobs for longer , there may be two unwelcome consequences. Firstly younger workers who are likely to have substantial debt e.g. large mortgages may lose their job instead on a last in first out basis of compulsory redundancies. Secondly if older workers remain, who are still in a final salary scheme; whilst newcomers are in a money purchase scheme; then the older workers pension costs will continue to be a much bigger drain on the employers ability to achieve or maintain profitability.
  • Val Milligan
    Val Milligan@ Sue
    Mon, 21 Jul 2014 8:34am BST
    I total agree with you Sue. I am shortly to be 60 and would have love to retire and do all the things that I would like to before I am no longer capable of and really want to do before my time is up. Alas like you I have another 6 years and I find this very depresssing as I feel trapped.
  • Sue
    Sue
    Thu, 17 Jul 2014 2:08pm BST
    Sadly as a 'closer to 60 than 50' person, I am being forced to work until I am 66. When I started work, my retirement age was 60, and quite frankly I don't want to be 'enabled' to work longer. I don't want to work at all. But a lack of state pension at 60 is trapping me. There are some people who are not personally defined by being employed, and I would love these intervening years, while I am fit and healthy, to enjoy not working and do as I please. Sadly the government says I can't - so enabling me is not going to motivate me one jot. I've been developed, enabled and trained until I have a vast batch of T shirts, and I don't want any more thank you.

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