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lizsmith
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Joined: 24 Apr 2005
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Location: Sunny Southport
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extra_strong_mint
Joined: 04 Jul 2007
Posts: 973
Location: The Village Of Bare - near Morecambe
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 Posted: Thu Jul 29, 2010 3:17 am Post subject: |
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It also means that many people won't be able to afford to retire at all. They will simply end up working until they drop dead. 
esm xx
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oojamaflip
Joined: 26 Apr 2005
Posts: 438
Location: At my keyboard
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| Posted: Thu Jul 29, 2010 3:49 am Post subject: |
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I'm really pissed off tbh.
We were really looking forward to being able to retire - we've both worked blimmin' long and hard and paid our tax and National Insurance, constantly, all our working lives.
I was looking forward to my free bus pass - now taken from me!
I was looking forward to being able to draw my pension at aged 60 - now taken from me.
This is wrong thinking, but I sometimes feel we did it all wrong! Working hard, saving, pulling our weight, doing things 'right', paying our way . . . to then be 'robbed' of some free time and (paid for) 'rewards' in our winter years. We should have just been lazy Lurkios and sat on our backsides all these years and let the other mugs (like us) keep us while we sat at home not having to fight through rush-hour traffic to get to work . . .
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flo.
Joined: 21 May 2008
Posts: 5248
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| Posted: Thu Jul 29, 2010 3:56 am Post subject: |
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.. and meanwhile the Bankers who profited from trashing the economy and the politicians who did nothing to stop it can sit back and enjoy their commissions and pensions.
It's all wrong isn't it? |
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SpaMan
Joined: 27 Oct 2005
Posts: 3814
Location: Kent
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| Posted: Thu Jul 29, 2010 4:59 am Post subject: |
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It makes sense on not being forced to retire when you don't want to - but it needs more clarity on what happens if you want to retire and you should be able to get a pension accordingly
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lizsmith
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Joined: 24 Apr 2005
Posts: 46599
Location: Sunny Southport
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| Posted: Thu Jul 29, 2010 6:50 am Post subject: |
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Yep youre right Spaman....we need to know exactly where we stand!
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amy_1
Joined: 02 Oct 2005
Posts: 9113
Location: Essex
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| Posted: Thu Jul 29, 2010 7:35 am Post subject: |
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Were already retired, and got our bus passes..........BUT, what these politician who make these rules need to understand is, it depends what type of work you may have done all these years of work..
Sedentary jobs are one thing, but try working beyond 65 [men] as at present in a physical job and see how they feel.
I know many many people our ages who did such work and almost all were suffering on one way or another because if it and desperate to make the retirement age as now,not raising it.
I guarantee the sickness rate will raise in this age group as the raised age kicks in.
My own son is a typical example,he already finding it hard and is only 54. By the end of the week he is crawling up the stairs on all fours with Arthitis in his back and knees. Without good knees his job is mostly impossible.
Makes me realy angry.
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lyntris
Joined: 11 Feb 2006
Posts: 1540
Location: Spain
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| Posted: Thu Jul 29, 2010 8:09 am Post subject: |
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| and because of the governments plans to raise the age of getting our old age pension ( incidentally all paid up in our case ) we may have to return to live in the UK and claim benefits because all the plans we made for our early retirement here will be obliterated |
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M4LTT
Joined: 16 Dec 2005
Posts: 5535
Location: Welwyn Garden CityHertfordshire
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| Posted: Thu Jul 29, 2010 10:34 am Post subject: |
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I think that they may have rushed into this.
As they are planning to raise the pension age to 68 shortly I feel they should have raised the enforced retirement age to match as thney makes sense as you dont want people being forced to retire at 65 and then not being able to claim their pension for 3 years.
That would just add to the welfare bill.
But there are a number of things that companies will need to review such as the cost to things like medical insurance and pensions as a result of the changes.medical insurance rockets upwards for anyone 70 plus and above so what will they do.They cannot discriminate so they will need to cover all staff and that is just one example.
Pensions will be a real minefield as well.
It will also restrict upward promotion and the ability to maintain a balanced workforce if everyone decides to stay on.
regards malc  |
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eng_ch
Site Admin
Joined: 20 Apr 2005
Posts: 10155
Location: Snowed in
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| Posted: Fri Jul 30, 2010 3:31 am Post subject: |
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Ah but don't forget, it's the baby boomers who are soon coming up to retirement and after that the birth rate fell again so if nothing is done there will be fewer young people working anyway to pay for an increasingly ageing population's pensions. As far as I can see, the only real issue is that of companies possibly having to find a tactful way of getting rid of people who are no longer up to their jobs, but that's no different from anyone else who's not up to their job.
Because I'm lazy, I'm going to copy a post from another forum with which I agree:
| Quote: |
it should be no business of the state to interfere with decisions between employer and employee as to when the latter should retire.
Employees need to be honest with themselves as to whether they are continuing to pull their weight. Employers may need to be brutal if they manifestly are not. Above all, flexibility should be shown wherever possible: to agree on reduced hours to maintain productivity (that is work per hour) at a reasonable rate; or even to agree on a reduced hourly wage if productivity cannot be maintained, but the employee can still produce some kind of surplus for a reduced wage.
Several people have fallen for for the "fixed quantity of work" fallacy. A productive 65+ year old is a net creator of work, not a destroyer of careers. His wages, his employer's profit, and the government's tax take will be spent on things that cause people to be employed. If he doesn't produce anything (because he's retired) or fails to produce a surplus (because he's kept in a sinecure, out of sentiment), of course the opposite applies. |
Surely flexibility is the key? There should be no one-size-fits-all regulation on this either way because one size clearly does not fit all and forcing people out at 65 regardless is in many cases a shameful waste of knowledge and experience. I think it's inevitable that as 70 approaches and passes, people might not have the stamina for 50-hour weeks that they might have had at 45, but if they went part-time and a youngster came in part-time, then surely that's a good method of (free) internal training and maintenance of knowledge in the business? And pensions can surely be graduated so the later you retire the more you get and if you go part-time after 65 you have the option of also drawing a proportion of the full pension you would have got had you retired completely. For me, the problem of getting rid of people who are clearly past it is outweighed by the benefits of not losing the experience, along with those in the post I quoted, and the issue of young people getting jobs - well, I think it's not so different from the status quo anyway and with a falling birthrate, people, society and the economy will potentially adapt more easily.
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goneforlunch
Joined: 04 Nov 2005
Posts: 1531
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| Posted: Sat Jul 31, 2010 6:18 am Post subject: |
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| Quote: | | Ah but don't forget, it's the baby boomers who are soon coming up to retirement and after that the birth rate fell again so if nothing is done there will be fewer young people working anyway to pay for an increasingly ageing population's pensions. |
Thought that was supposed to be one of the reasons we needed all the immigrants. |
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M4LTT
Joined: 16 Dec 2005
Posts: 5535
Location: Welwyn Garden CityHertfordshire
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| Posted: Sat Jul 31, 2010 9:35 am Post subject: |
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| goneforlunch wrote: | | Quote: | | Ah but don't forget, it's the baby boomers who are soon coming up to retirement and after that the birth rate fell again so if nothing is done there will be fewer young people working anyway to pay for an increasingly ageing population's pensions. |
Thought that was supposed to be one of the reasons we needed all the immigrants. |
Thats right we are supposed to get an influx of around 15 million if you believe the figures over the next two decades...
regards malc |
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goneforlunch
Joined: 04 Nov 2005
Posts: 1531
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| Posted: Sat Jul 31, 2010 9:46 am Post subject: |
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| M4LTT wrote: | | goneforlunch wrote: | | Quote: | | Ah but don't forget, it's the baby boomers who are soon coming up to retirement and after that the birth rate fell again so if nothing is done there will be fewer young people working anyway to pay for an increasingly ageing population's pensions. |
Thought that was supposed to be one of the reasons we needed all the immigrants. |
Thats right we are supposed to get an influx of around 15 million if you believe the figures over the next two decades...
regards malc |
Sadly, I find the figures all too believeable, even if Turkey is kept out of the EU. I've told my children that they should get their degrees and jump ship at the first decent opportunity. I'd do the same myself, but my husband still believes England is salvageable.
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