Retirement Survey Results

As discussed in our last e-bulletin, employers at present can choose to compulsorily retire employees once they reach 'normal retirement age' provided a specific retirement procedure is followed. The vast majority of organisations who responded to our survey advised that their 'normal retirement age' is 65. If an employer sets its normal retirement age below 65, they must be able to objectively justify that decision. If an employer does not specify a normal retirement age, the default age of 65 will be the normal retirement age for that employer.

The current position is as follows:-

1. Employees can choose to retire at normal retirement age (usually 65) or earlier if they wish to do so;