I have recently been offered a new job and when I got the contract, it appears that the employment will terminate through retirement at the age of 60. I was wondering if this is still standard in places. With the Government planning to raise the pension age to 68 if not longer, that could leave me with nearly a decade without access to a State Pension.
Surely if the Government want people to work longer, then they will have to do something about low retirement ages like this and make mandatory retirement ages if included in employment contracts to be at least 65. I know I could get another job at age 60 and continue working but how realistic is that?
I also realise that there are a lot of wealthy people out there looking forward to retiring at 60 but I don't think that will be me!
Surely if the Government want people to work longer, then they will have to do something about low retirement ages like this and make mandatory retirement ages if included in employment contracts to be at least 65. I know I could get another job at age 60 and continue working but how realistic is that?
I also realise that there are a lot of wealthy people out there looking forward to retiring at 60 but I don't think that will be me!