The majority of Irish workers are staying in their jobs over the age of 65 - and it’s been their own choice.
Staff in 71% of Irish companies have asked to work beyond 65, with companies coming under increasing pressure to extend working lives.
The Willis Towers Watson survey also found that just 18% of companies have introduced formal flexibility when it comes to retirement age.
Bus Eireann recruiting drivers for a number of new positions across Ireland
Brian Mulcair, Head of Corporate Benefits Consulting at Willis Towers Watson, said: “We undertook the survey against the backdrop of a myriad of significant developments in the area of retirement age flexibility.
“Over the last year, the Government set out in its Roadmap for Pensions Reform that it has the clear aim of allowing employees flexibility to remain in the workforce for longer.
“The Workplace Relations Commission also released a Code of Practice for Longer Working.
“In line with this we have seen the age at which the state pension becomes payable increase from 65 to 66, with a further increase to age 67 in 2021 and to age 68 in 2028.
“In light of these developments, some employers are looking to review their generally inflexible retirement age policies in order to support those employees that wish to work beyond the traditional retirement age.”
