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One million over-fifties 'dumped on the scrapheap' want work, says TUC

Over one million 50 - 65 year olds who want to work can't get a job because employers won't recruit older workers or retain the ones they already employ by investing in training or making minor adjustments for disabilities, according to a TUC report published today. Employers and government must defuse the 'demographic timebomb' of a rapidly ageing workforce being pushed out of jobs and on to benefits and early pensions, by introducing policies and practices to retain and recruit workers over 50, says the TUC.

The report, 'Ready willing and able', rubbishes the myth of luxury early retirement for the 'baby boom' generation. Of the 2.6 million 50-65 year olds who are currently unemployed or economically inactive - that is not working or actively looking for work - over a third want a job, with 250,000 actively looking and 750,000 who say they want work. Also, despite an average retirement age of 63, only 12 per cent of non-working 50 - 65 year olds fit the stereotype of 'early retired, affluent professionals', only a third retire early 'fully voluntarily' and many survive on state support such as Incapacity Benefit or inadequate occupational pensions until they reach state pension age (65 for men, 60 for women but rising to 65 between 2010 - 2020).

Over the next ten years the number of people under 50 will fall by 2 per cent while the number aged 50 - 69 will rise by 17 per cent, massively increasing the ratio of pensioners to working people. The TUC estimates that ... continue > 


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Published: 14 August 2006      Ref: onrec.com

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