The number of employees over the age of 65 has jumped 36% to 1.09 million since 2010, according to research by Saga.
The Coalition abolished the default retirement age of 65 when it came to power, which has led to the proportion of over-65s in the workforce increasing from 3.4% to 3.6% over the past four years.
The number of employees aged 50- to 64-years-old has also increased by 9% across the same period, from 7.2 million to fractionally under 8 million.
Saga director of communications Paul Green welcomed employees’ ability to choose when they retire instead of being forced out “at the whim of their employer”.
He also urged businesses to see the figures as proof older employers shouldn’t be “written off”.
Chosen excerpts by Job Market Monitor. Read the whole story at HR Magazine – More than one million over-65s in work.
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