Belfast Telegraph

Home News UK

Record number of older workers

A record number of older workers are in employment after a big increase in recent years, according to "striking" new figures.

The Government said almost nine million people over the age of 50 are now in work, almost a third of the workforce and a rise of 8.5% since 1992.

Around 1.1 million are aged 65 or over, twice as many as in 1992.

Pensions Minister Steve Webb said: "These striking figures show that employers clearly see the positive value in employing older staff. Retaining older workers benefits the whole firm, including younger workers who can learn from the experience and skills of their older colleagues.

"Since retirement at 65 was introduced almost a century ago, there has been a massive increase in life expectancy, and we have abolished the default retirement age so that people can retire when the time is right for them.

"We want to build a stronger economy, and older workers have a vital contribution to make to our long-term prosperity and the sustainability of our pension system, as well as their own financial and social well-being."

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Popular

From Belfast Telegraph