Employers continue to face challenges when assessing requests to postpone retirement, and it is essential to keep a default retirement age as a trigger for discussion.Source: Confederation of British Industry Press Release (September 8, 2008)
[John Cridland, CBI Deputy Director-General] said: "Many older workers do not want to retire, or do not feel financially secure enough to do so, particularly with the downturn in the housing market. In the majority of cases employers are very happy to retain older staff, who often have invaluable skills and experience."
Additional Reading: The Times "It is no time to retire as the gloom deepens" (September 8, 2008)
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