Work till you drop?

Compulsory retirement age at 65 fully abolished
http://www.bbc.co.uk/news/business-15127835
The default retirement age in the UK has been fully abolished after being phased out from April this year.
New legislation stops employers from compulsorily retiring workers once they reach the age of 65.

A Ireland almost always does the same as the UK it's only a matter of time before you can't be pensioned off at a certain age, and can work for as long as you want/are able.

With the current(& future) economic mess wiping out pensions etc, would you work till you dropped if allowed to?

Ghandee

Am gonna lie down and rest my head when I get to 69 :pac:

SV

If I could get away with retiring right now I would.

Until the day you get a job you actually love and is rewarding then how can anyone possibly WANT to continue to work?
and how many of us will ever find that rewarding job we love? 1% of the World's population maybe?

ejmaztec

A lot of people who were supposed to retire can't, because their pension pot got pissed away, so I think they've got no choice other than to carry on working.

Mark200

The concept of a retirement age was brought about in a time when it was a bonus to reach it, rather than an expectation.

amacca

I've personally never understood how somebody could be a workaholic or the concept of working just for the sake of work (as opposed to having to work to make ends meet)

for me work is simply a means to an end.....I don't find it rewarding or anything like that....I like my free time, I like to relax, I like to pursue other interests and I could happily spend my lifetime not working in any nine to five type role if I could....I would happily take retirement now if I could be assured of a comfortable life and dedicate myself to (ironically enough) working for charity (but on my own terms)...keeping fit......trying my hand at motorsport etc.....having said all that if I sign a contract, its a promise and I will do my job to the best of my abilities and I expect in turn to be properly rewarded for it.

People say you have to work...I disagree, I think you have to stimulate your mind and body and live to your potential....its just a pity for a small minority of people the only way they can imagine doing this is by slaving away at a desk shafting the people around them.....its an even greater pity that for many more people they have no choice and they cant pursue what they would really like to do in life.

to me people obsessed with work work work are just as reprehensible as layabouts

mikemac

No gurantee your pension will be there for you when you retire

Put your money in a fund and you have to pay fees to the manager, legal, custodian, administration and then tax and at the end, most funds could not even beat the market

A huge amount of pension funds liquidated and everyone got paid before the investor is looked at.
It's risky

And I better include government plans to raid your pension fund too

With increased life expectancy, it only makes sense.
Plus I am sure there are a lot of people who either never saved for retirement or had their pensions crash due to bad financial advice. So it's a necessity for them. There are also people who would go crazy having nothing to do all day in retirement, so that's another one.

ejmaztec

bluewolf wrote: »

With increased life expectancy, it only makes sense.
Plus I am sure there are a lot of people who either never saved for retirement or had their pensions crash due to bad financial advice. So it's a necessity for them. There are also people who would go crazy having nothing to do all day in retirement, so that's another one.

I bet the finance department has a party whenever they hear that someone's died before reaching retirement age.

Nolanger

ejmaztec wrote: »

A lot of people who were supposed to retire can't, because their pension pot got pissed away, so I think they've got no choice other than to carry on working.

Gay Byrne?

PseudoFamous

It's more than 45 years away for me, we'll see closer to the time.

ejmaztec

Nolanger wrote: »

Gay Byrne?

No, the ones who got screwed over since 2008.

Didn't his old accountant take him to the cleaners years ago?