Most SMEs Oppose Retirement at 65
More than three-quarters of small firms have called for the default retirement age to be scrapped as it puts pressure on mature workers to retire when they are not ready, the Federation of Small Businesses (FSB) has claimed. An FSB survey found that 80% of small businesses do not compel their employees to retire at 65, and 76% believe employees’ retirement should be based on a mutual agreement between them and their staff. “Small firms are known for employing people who are older, and continuing to employ them beyond the default retirement age,” said FSB spokeswoman, Sophie Kummer. “Having a default retirement age can put pressure on an employee who is perfectly capable to consider retiring when there is no need for it. “However, if the retirement age is scrap... »