it's fine If a person wants to continue working - why not
the major individual problem for some is Having to work because they don't have
enough money to live on, delaying retirement
at the other end are new workers trying to find employment, would more vacancies
be available if retirement were compulsory at age . . . ?
union jobs have 25-30 years and out which does leave a lot of room for new hires
then there's the problem of paying for state pensions but also will the 'guaranteed'
pension plan pay up. these days a lot of companies don't want the responsibility
of guaranteeing a pension, likewise local governments, and studies report that most
people are under-pensioned at retirement age
UK:
"In a statement, the government said it had brought forward the increase in state
pension age to 66 because of dramatic increases in life expectancy and the need
to ensure that no unfair burden is placed on the next generation. It added that it
would spend £45bn extra on pensioners by 2025 because of the triple guarantee
to uprate the basic state pension by the highest of earnings, prices or 2.5%.
When the state pension age was set at 65 in1926 there were nine people of
working age for every pensioner. There are now three people of working age for
every pensioner and that is set to fall to nearer two by the end of this century."
http://www.guardian.co.uk/money/2011/oct/13/state-pension-age-rise-delay
UK: 'Compulsory retirement age at 65 fully abolished'
"The default retirement age in the UK has been fully abolished after being phased
out from April this year.
New legislation stops employers from compulsorily retiring workers once they
reach the age of 65."
http://www.bbc.co.uk/news/business-15127835