Retirement issue

Data_Collector

Employee of 14 years, just turned 65 and company says going forward I have to change to a rolling yearly contract.

Salary , role remain the same. But if I sign a new contract, will that affect my redundancy entitlements?

Tia

thomas 123

https://www.boards.ie/discussion/2058366552/retirement-issue

For your own peace of mind I would pay the 100/200 euro and discuss this with an employment law solicitor. Great to see you can continue to work past 65 though if you wish to!

spaceHopper

Try the work problems or legal advice forum. I'd say yes it would affect your redundancy entitlements but would they make you redundant as they can just wait for you to retire

SteM

How would moving to a rolling 1 year contract effect the amount of years you have worked for the company?

denismc

I'm not sure what redundancy you are expecting at 65? As the other poster said you are so close to retirement the company can just wait 12 months and not give you anything.

In our company any redundancy is reduced the closer you are to retirement as it is assumed you will be drawing a pension.

You never mentioned if you have a private pension?

dublin49

https://www.boards.ie/discussion/2058366552/retirement-issue

I would just ask HR that exact question and proceed from there.Ask them can you record the meeting as well ,just for the record.

thomas 123

https://www.boards.ie/discussion/2058366552/retirement-issue

Are you currently on a contract and it’s up for renewal?

was just thinking about this - has the retirement age not gone up in the last few years - if you are a full time employee I’d absolutely not be signing anything until I figure out why HR(who do not work for you) are trying to get you onto a rolling contract. Maybe there’s something obvious I am missing.

Data_Collector

The employee handbook says normal retirement age is 65. Company policy. I won't be signing any new contract unless it states my continuity of employment

Xander10

https://www.boards.ie/discussion/comment/122552030#Comment_122552030

And if you don't sign on their terms, they can just wave goodbye to you and pay nothing further

Sono

what sort of redundancy package would you expect at 65 onwards? You’re at retirement age as per the company booklet, you’ll get feck all in my opinion if they decided to let you go.

Mrs OBumble

https://www.boards.ie/discussion/comment/122557329#Comment_122557329

That would be an age discrimination case waiting to happen. Redundancy is calculated on length of service, not age. Sure they can wait you out - but you could easily stay in some jobs until 70 or more.

OP, get a good solicitor.

Sono

https://www.boards.ie/discussion/comment/122557598#Comment_122557598

Who wants to work past 65 if they can help it? Companies will happily let people rot in their positions, it’s the employees choice if they choose that.

Seth Brundle

https://www.boards.ie/discussion/comment/122558378#Comment_122558378

Given that many Irish people don't have a pension in place, they might need to work long past they reach 65!

GreenPanda99

My company had this retire at 65 policy. They would re-employ people hitting that age on rolling 1 year contracts. Years service was wiped out too. That was for company and statutory redundancy too.

About 18 months ago a guy pulled them up on it, stating age discrimination and got a solicitor involved. The policy was dropped and he and anyone going forward will not be forced onto a contract on turning 65. Im told there are people already on those contracts going to take cases now, but i dont know any of them that well to ask.

Mrs OBumble

https://www.boards.ie/discussion/comment/122558378#Comment_122558378

You would be surprised.

Some lucky people do genuinely like their jobs and want to continue contributing to the community.

Some people want more than 277.30 per week to live on.

Some want to pay more pension credits.

Sono

https://www.boards.ie/discussion/comment/122561973#Comment_122561973

I get that but most would want to retire at or before 65 if they could afford to do so, I know I would!

Shauna677

https://www.boards.ie/discussion/comment/122562781#Comment_122562781

yes, it's damn awful working past 60 not alone 65/70 .

OP if you can afford it, take your retirement, hang up your boots. Plan new things, concentrate on family, hobbies/travel. In a short 15 years, you be glad you did.

C3PO

https://www.boards.ie/discussion/comment/122561973#Comment_122561973

Not often I agree with Mrs OBumble but I for one have no interest in retiring at 65! I’m 63 now and for as long as I’m healthy I will continue to work - Hopefully, until we’ll into my 70s! I like working and for better or worse it defines me to a large extent!

Sonic the Shaghog

https://www.boards.ie/discussion/comment/122567577#Comment_122567577

I'm 35 and I think it would be the end of me if I had to go on the dole or disability or something even now cause I know getting out working is what keeps me in a mentality then to go out and do other stuff or even DIY at home. If I was stuck at home I think I'd seize up and let's face it it's only the lucky ones that can retire and afford to be off somewhere most days and evenings. Company pensions etc ain't what they used to be

Shauna677

https://www.boards.ie/discussion/comment/122567639#Comment_122567639

Guaranteed when you hit 60, you will feel very very different.

Mrs OBumble

https://www.boards.ie/discussion/comment/122569922#Comment_122569922

Not guaranteed.

Possible. But also possible that there are other incentives.

I felt the way that poster did, when I was 35. By 55, I'd developed some hobbies into a side-gig. I'd love to retire now and just work on the side gig. But I can't afford it. So I've decided to be happy about working until I'm 66. Cos there's no point being miserable every day.

Charles Babbage

https://www.boards.ie/discussion/comment/122569922#Comment_122569922

Pat Kenny didn't.

AnRothar

https://www.boards.ie/discussion/comment/122570082#Comment_122570082

One swallow does not a summer make.

Far too many contributors here are in nice office, Monday to Friday types of environments.

Not all jobs/roles are suitable for work beyond early sixties.

We.constantly get examples of the "exception" who are championed as desirable.

Charles Babbage

https://www.boards.ie/discussion/comment/122571066#Comment_122571066

A previous poster asked who would not want to retire early, I gave an example. I did not make any claim about the general desirability of retirement, one way or the other. The thread is not about the general date of retirement, it is about the contractual arrangements of people who stay beyond 65.

Shauna677

https://www.boards.ie/discussion/comment/122570054#Comment_122570054

ah I understand, finances do dictate. I hope you side gig will pick up in the future and you can retire a bit earlier. 😀

Jim2007

https://www.boards.ie/discussion/comment/122571066#Comment_122571066

So you think a nice office makes things OK….. Many of the people I knew in those offices had serious health issues and two committed suicide!

This is it

Isn't all this chat of retiring besides the point?

OP is asking about continuity.nd redundancy. @OP, ask HR straight out, their answer will dictate your next step.

GreenPanda99

Retirement is such a personal thing though.

I took a 9 month stretch off work and the another time, a year off twice in between contracts.

Those experiences have told me that retirement will suit me and I will be working towards retiring as early as I can.

I know other people and their entire existence is tied to their jobs and they will never want to retire.

And I know other people who got sick and had to retire. And yet others who were made redundant and at the age they were, some as young as 55, could not get another job in the same field and didnt like other jobs they could get and all because of age discrimination (though it was never stated, thats what it was. Its rife in my world).

Ted222

https://www.boards.ie/discussion/2058366552/retirement-issue

Your current contract provides for compulsory retirement at 65. This has generally been an unchallenged condition of employment.

There is now in law however a concept of “objective justification” which, broadly speaking, requires an employer to be able to show why it is necessary to retire someone on age grounds. For example, if the work was very physical, it would be reasonable for an employer to conclude that workers of an advanced age can’t undertake the work to the same standard as previously. However, they can’t just say this. They would have to provide an objective justification.

In your case, your employer is at least giving you the opportunity to work past 65. Most employers would insist on the retirement so it looks like they recognise your value to the company and want to to stay on. By offering a yearly contract, they’re seeking to avoid a situation in years to come where you insist on being paid even though you’re no longer operating at the required level.

I think they’re being unreasonable but equally I don’t think they’re giving themselves the protection they feel it does.

As for any redundancy in the future, this would be determined by overall length of service and, assuming your service would be continuous with no breaks, would be calculated by reference to all your time with the company.

Shauna677

https://www.boards.ie/discussion/comment/122572990#Comment_122572990

I think the only way for people over 55 to get a job now is to go self employed. Age discrimination is rife here in ireland.

dublin49

I put up a thread recently so 65 year olds know that if they retire at 65 theres an over 65 Payment available to them without means testing with no signing on etc and if your wife/Partner qualifies as well theres 2000 per couple per month available until 66.As most private pensions commence at 65 this is a great assistance to bridge gap to 66.