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Old Is Gold

What are the pros and cons of raising the re-employment age ceiling to 67 years? How would the move impact the broader issue of manpower hiring and talent retention?

THE opportunity to work until age 67 is generally welcomed by those in their 60s simply because they don't feel old; and for as long as the mind and body are willing, they should not be deprived of the opportunity to continue to work.

Cost of living increases put a greater strain on the funds set aside for retirement, and so to have some extra time for earnings, growth and contributions can only be a good thing for all concerned. The proposal simply brings us in line with many other countries that have introduced or at least proposed raising the retirement age.

Older people today are in the main ''younger'' and healthier than the generation before them. Now through better health care and living conditions, greater knowledge and access to information, the older generation of today is living longer and stronger. They richly deserve the opportunity and freedom to choose to be independent, self-sufficient and an active contributing part of the country's economy for a longer time.

From a company perspective, the opportunity to hold on to experienced valuable individuals for a longer period offers far more advantages than might first meet the eye; it is good for business and great for our community.

Old Is Gold

The Business Times

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