65 – a date with unmanageable debt?
29 September 2008
A European court adviser has rejected a challenge to employers’ right to impose retirement on 65-year-olds.
Campaigners believe that an age limit is discriminatory, and are pushing for changes to such laws.
As the BBC reports, ‘Age Concern is challenging UK laws, which since 2006 have allowed employers to compel workers to retire at 65’. These rules were, however, effectively backed by a senior legal adviser to the European Court of Justice.
Retirement can be bad news financially – many people of retirement age are still carrying debts (mortgages, credit cards, unsecured loans, etc.) and find it extremely hard to service them when their income drops.
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