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Centre for Policy on Ageing | |
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| Employers and the management of retirement | | Author(s) | Sarah Vickerstaff, Jennie Cox, Linda Keen |
| Journal title | Social Policy & Administration, vol 37, no 3, June 2003 |
| Pages | pp 271-287 |
| Keywords | Early retirement ; Retirement policy ; Employers ; Local Authority ; Case studies. |
| Annotation | In the UK, early withdrawal from the labour market is seen as a risk and a cost, worsening the dependency ratio, raising public and private pension costs, and threatening additional welfare expenditure over the longer term. This paper argues that the employing organisation has been missing from the various explanations of the retirement process. Early retirement in the UK has been predominantly driven by employers' labour requirements, rather than any state policies. There is a case for arguing that significant change in retirement behaviour in the UK will come primarily from modifying employers' policies. This research is a case study of three employers, one public sector and two commercial. This article examines the dynamics of the retirement decision of the public sector employer, a local authority. The findings indicate that, in order to reduce their pensions liabilities and stem the cost of early retirement, employers are trying to regain control of the retirement process. The employees interviewed felt they experienced little choice concerning their retirement, had limited knowledge of the options open to them, and found pensions complicated and confusing. (KJ/RH). |
| Accession Number | CPA-030627209 A |
| Classmark | G5M: G5: TF: PE: 69P |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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