The Government has announced in ‘Building society for ages’ that the review of the default retirement age will be brought forward from 2011 to 2010. This decision has been made to reflect the change in economic circumstances since the default age of 65 was introduced.
If a decision is made that the default retirement age is no longer necessary then the changes will not be implemented until 2011 to allow time for employers to review their retirement plans and for employees to consider their retirement options.
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