staff plans

Staff  Plans to Work Beyond Retirement Doubles

Staff Plans to Work Beyond Retirement Doubles

The number of workers planning to work beyond the state pension age has almost doubled in the past two years, research from the Chartered Institute of Personnel and Development (CIPD) has revealed. The CIPD’s Employee Outlook survey of 2,000 working people found that 71% of workers aged 55 and above said they have had to postpone their retirement plans — up from 40% two years ago. According to the research, the increase was largely due to financial factors, with nearly three quarters of over 55’s admitting that money worries had forced them to keep working. The survey found that pension pots, savings, investments and house values had all been badly affected by the recession. CIPD reward adviser, Charles Cotton, said that employers increasingly needed to think about adapti... »