The retirement landscape is changing across Europe, as more employees choose to work longer and employers seek to retain skills and knowledge.
Until recently, it had been the norm for many employees across Europe to retire at the age of 65 or younger. In some countries, such as Ireland, employers could even require their employees to retire at a certain age. However, things are changing. Employees are now more frequently wanting to work past traditional retirement ages for a number of reasons including financial needs and the fact that people are living longer. At the same time, in a market where it is difficult to compete for talent, employers are needing to re-evaluate mandatory retirement ages as they can result in a loss of skills and knowledge within the business.
Currently, the rules surrounding mandatory retirement ages vary across Europe. Mandatory retirement ages are broadly prohibited across Europe, but exceptions apply in certain circumstances on which employers can rely. Employers need to be mindful of the differences in each jurisdiction, otherwise an employer could find themselves in breach of employment equality laws.
Mandatory retirement ages are broadly prohibited across Europe, but some exceptions apply.
UK
The UK repealed the default retirement age of 65 in April 2011.
The position is now governed by the 2010 Equality Act. The Equality Act defines ‘age’ as a protected characteristic and...
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