Default Retirement Age Abolition: How Employers are Responding

Article Summary

The vast majority (more than four-fifths) of employers believe that the removal of the default retirement age (DRA) will have an impact on their organisation's retirement policy (XpertHR Benchmarking subscription required). This figure rises sharply in the public sector.

Prior to April 2011, three-fifths of employers operated a retirement policy with a defined retirement age, but took a flexible approach to retirement (XpertHR Benchmarking subscription required).

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Source: Xpert HR