ONS: More over-65s opting to work

| March 2, 2011 | 0 Comments
ONS: More over-65s opting to work

A report by the Office for National Statistics (ONS) has today revealed the number of people aged 65 and over in employment has doubled in the last decade.

According to the ONS, the number of over 65s still in work has risen by almost half a million in the last 10 years.

Approximately 412,000 people over the age of 65 were in work in 2001 - this rose to 870,000 at the end of 2011, the ONS has reported.

ONS statistician Jamie Jenkins comments: “Over the last decade older workers are making up an increasing percentage of the total workforce in the UK, doubling from 1.5% in 2001, to 3% in 2010.

“The analysis also looks at how long these individuals have been in continuous employment, and it shows that around two-thirds of those in work after reaching the age of 65 have been with their current employer for over 10 years.”

The report comes shortly after the Government confirmed that the Default Retirement Age (DRA) is to be phased out this year.

The move will allow the over 65s “the freedom to work for longer”, while at the same time providing a boost to the UK economy.

The change means that from 6th April 2011, employers will no longer be able to issue notifications for compulsory retirement using the DRA procedure.

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