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Local authority retirement age
anoneemouse
Posts: 166 Forumite
In fairly recent history the retirement age of local authority employees was raised from 60 to 65.
I presume that this was phased in? - rather than absolutely everyone (no matter how near they were to 60) being told that their retirement age was now 65.
I am guessing that this was done in a similar way to the raising of the Womens State Pension Age - ie women were given over 10 years notice of this and it is now taking effect by phasing it in. Thus the first women to be affected start receiving their State Pension later than their 60th birthday this year (but with only a few weeks or few months delay in payment). Women retiring next year will have a longer delay before it starts being paid. Women retiring the following year an even longer delay and so on until the situation is gradually reached of all women not receiving their State Pension till 65.
My question is therefore - what agegroup of Local Authority employees would have been affected personally by that retirement age being raised to over 60? How was/will be the phasing in of this increased retirement age been done?
Specifically were Local Authority employees that were in their 50s at the time the increased retirement age came in allowed to keep 60 as their own personal age to retire from the Local Authority (ie because they were too close to 60 for it to be fair to tell them they had to work for longer).?
I presume that this was phased in? - rather than absolutely everyone (no matter how near they were to 60) being told that their retirement age was now 65.
I am guessing that this was done in a similar way to the raising of the Womens State Pension Age - ie women were given over 10 years notice of this and it is now taking effect by phasing it in. Thus the first women to be affected start receiving their State Pension later than their 60th birthday this year (but with only a few weeks or few months delay in payment). Women retiring next year will have a longer delay before it starts being paid. Women retiring the following year an even longer delay and so on until the situation is gradually reached of all women not receiving their State Pension till 65.
My question is therefore - what agegroup of Local Authority employees would have been affected personally by that retirement age being raised to over 60? How was/will be the phasing in of this increased retirement age been done?
Specifically were Local Authority employees that were in their 50s at the time the increased retirement age came in allowed to keep 60 as their own personal age to retire from the Local Authority (ie because they were too close to 60 for it to be fair to tell them they had to work for longer).?
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Comments
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On googling round the Internet - I think it looks like the case that (putting it very simplistically) that the agegroup affected by the increased retirement age is those who reach 60 on or after 1 April 2013. Anyone who is of an age to reach 60 not later than 31 march 2013 will still be retiring at 60 if they wish to (without any actuarial reduction). It looks to me that anyone of 60 before 1 April 2013 is still going to be retiring at 60 if they conform to that rather odd Rule of 85 - which I think means that 60 years old + 25 years service = 85 and you fall in okay with the Rule of 85 and can go at 60 (though someone with less than 25 years service might have a more difficult situation).
Have I assessed this correctly?0
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