Several leading business figures in the UK have welcomed the fact that the government's period of phasing out the default retirement age (DRA) began yesterday (April 6th).
Under plans unveiled by the Department of Business, Innovation and Skills earlier in the year, the country's employment legislation in terms of when people retire will gradually change between now and October 1st 2011.
The coalition has decided to remove the DRA - which allows companies to make it compulsory for employees to finish their job permanently at the age of 65, regardless of their personal circumstances - from law in order to reflect the fact that a growing number of older people want to carry on working later in life.
This move has been applauded by numerous experts in the business sector, including Denise Keating, chief executive of the Employers Forum on Age, who told Personnel Today that the measure represents "an incredible leap forward on employment practices".
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Posted by Cheryl Bennett