Retirement Age

(redirected from Mandatory retirement)
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Retirement Age

The age at which a person is expected to retire. The retirement age varies from country to country (and even company to company), but tends to be between 55 and 70.
References in periodicals archive ?
Selectmen voted 3-1-1, with Selectman Francis King, board chairman, recusing himself and Selectman Brian Ashmankas opposed, to schedule a special meeting to vote on petitioning the Legislature and the governor for a home-rule exemption to the state's mandatory retirement age of 65 for public safety officers.
This represented a significant concession by the government--at one stage most commentators expected mandatory retirement to be abolished altogether or fixed at the higher age of 70--and was understandably welcomed by employers' representatives.
Furthermore, age discrimination is often justified in the minds of some in that it involves more opportunities for others, such as jobs and promotion opportunities if, for example, mandatory retirement prevails.
While term limits and mandatory retirement age policies facilitate board refresh-ment, they do so at the risk of loss of directors with highly valued firm knowledge, expertise or perspective.
The cases examined in this article include both of the important types of disputes in this population: age cut offs for hiring and mandatory retirement provisions.
Last year, the Supreme Court remitted his claim back to the employment tribunal, to consider a number of issues relating to justification (the main one being whether 65 was an appropriate age for mandatory retirement or whether another age such as 68 or 70 should have been adopted).
The tribunal held that the firm had legitimate aims of retention (junior members would only stay at the firm if they knew there were promotion opportunities at the top levels), planning (the need to manage staffing levels) and collegiality (the need to encourage good working relationships and to allow older staff to leave the firm with dignity), and that a mandatory retirement age achieved these three aims.
Heim, a partner at Dechert LLP, who represents six of the eleven judges who have sued over the mandatory retirement provision for judges in the Pennsylvania Constitution on a pro bono basis.
Summary: The Future parliamentary bloc has written an urgent draft law to change the mandatory retirement age for several high-ranking security officials who are set to reach mandatory retirement age this year.
A constitutional amendment has been introduced in the Florida House and Senate to raise the mandatory retirement age for the state's judiciary from 70 to 75.
He could become a vice chairman of parliament's top advisory body, a rank that would exempt him from mandatory retirement.
Persons under the age of 45 on this date who retire early, will see an actuarial reduction in their pension benefits for services rendered up to December 31, 2012, to be calculated on the assumption that mandatory retirement age is 60 years.

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