News

Unhappy pensioners: Government at fault

11 Apr 2008

Government is to blame for pensioners feeling unhappy when they retire, according to The Age and Employment Network (TAEN).

In response to an Ipsos MORI report that found that less than half of Britons described themselves as ‘happy’ on the first day of retirement, TAEN says government policy needs to change.

TAEN is calling for the default retirement age to be scrapped immediately, rather than waiting for the 2011 review.

“By introducing a default retirement age of 65, the Government is responsible for many older workers being pushed over the retirement cliff edge by their employers,” says Chris Ball, chief executive of TAEN. “We know from first-hand experience that more people want to extend their working lives and turn retirement from an event into a process – perhaps lasting between five and 10 years.”

Further reading

The Ipsos Mori survey revealed that pensioners missed colleagues, being challenged and office banter when they give up work.

More than a million Brits work past the state pension age, many in part-time positions, after it was made legal in April 2006 for people to semi-retire while still drawing a pension.

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