More over-65s still in work - ONS

The ONS noted that despite the recession 870,000 people aged 65 and over were in work in the last quarter of 2010 compared to around 412,000 in 2001. This increase will be seen as particularly crucial to those businesses offering benefits to their employees and highlights the importance of the exemption granted to the group risk industry with the removal of the default retirement age. Since the onset of the recent recession, full-time employment rates have fallen for those aged 16 to 64. However, the situation was different for those aged 65 and over, where it rose by 0.5 percentag...