I'm all Confused

[SIRandyraven]

So the age you can receive the state pension is increasing to 67 for men in 20** and whatever.
Yet company can force you to retire at the age of 65 ?
So for those who would need the state pension as a source of income , what do you do for years in between ?

http://www.bbc.co.uk/news/business-17837485

[WELSHYORKIE]

Busk? Sell Big Issue? Male escort?

[Nibble]

Seems to be a difficult answer to this one, as on one hand due to the historically high levels of youth unemployment currently, and the raising of the state retirement age, I feel that the firms involved would normally be looking to the future, and be trying to ensure continuity of personnel.
This as such would make the hiring of new blood in the firm, as well as giving the firm a longer timescale of employability of the personnel, which although not helping in this case would give the firm a more stable environment in the future. However, I would feel that this inevitably leave the retired person very much in the lurch.

[Ann]

Quite! Similar thing happened to my OH, made redundant 3 years ago, can't get pension until next year at 65, can't get job - who wants over 60s? A little over the limit in savings (which we having to live off) so can't claim benefits. Its a nightmare. This government does not care about the elderly at all.

[craft1948]

I thought the age they could force you to retire was going up............

[craft1948]

" Legislation which came into force fully in October stops UK employers from compulsorily retiring workers once they reach the age of 65."

[Ann]

Yes craft - but they find other ways to get rid of the older work force!

[emmie]

i received a letter about retirement a while back, looks like mine will be 67, same as the men, not sure what i will do, considering i am already knackered beyond repair.

[craft1948]

Sorry Ann but you can be made redundant at any age.................if the post is quickly filled again you have the option of taking your ex-employer to court.

[emmie]

how is this going to work, if forced into retirement?

http://www.bbc.co.uk/news/business-17837485

[chaptazbru]

I hate to think how old I'll have to be to get a pension the way things are going - 80 ???!!!!

[emmie]

by the time we get there, there won't be any money to pay out a pension.

[chaptazbru]

Scary ....