The need to solve an age old dilemma - blog

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Now that the Civil Service has announced that it will scrap its retirement age from April 2010, we have a clear indication of intent for the Government's review of the Default Retirement Age (DRA), due early next year.

Continuing benefits for a longer time, or indefinitely, isn't particularly problematic if you're talking about "pay as you go" funding underwritten by the tax payer. However, for employers utilising insurance products to fund their liabilities - or for the insurers providing such products - it's a far more complex matter. Consider that under current regulations, the national DRA means that employers can currently require an employee to retire at age 65 provided certain procedures are followed. The Employment Equality (Age) Regulations 2006 commit employers to treat all staff equall...

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