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 ?
More than half of the graduates in the UK say that mandatory retirement should be abolished and employees should be able to choose when they retire.
Nikko Securities will combine an early retirement system and postponement of mandatory retirement to make better use of management resources as financial deregulation in Japan proceeds, the sources said.
The activist further said by refusing to appoint an acting commissioner and sending Njiraini on mandatory six months terminal leave pending his retirement, the board neglected its duties, and 'is poised to breach the law on the 60 years mandatory retirement age for public officials'.
If Canadian courts and human rights tribunals have not roundly declared that this constitutes illegal discrimination on the basis of age, most employers have simply rescinded their mandatory retirement policies for good business reasons.
In an interview Wednesday, Chief Howell, who spoke at the selectmen's meeting, said he was approached by concerned citizens in February and informed about the mandatory retirement law.
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.
Ships must be within 10 years before their mandatory retirement age to be eligible.
Still, even a mandatory retirement savings plan might not help the lowest wage earners, the group that needs the most aid.
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.
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.

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