Workers whose employment contract requires them to retire at 65 will have the option to stay on until the State pension age of 66, under a proposal going to Cabinet.
Minister for Enterpriser Peter Burke will bring a memo to Government which effectively creates a new employment right specifically for employees who are subject to a contractual retirement age which is set below the State pension age.
If an employee does not want to retire at 65 they can provide notification to the employer that they do not consent to retire.
An employer must provide a written reasoned opinion if they are refusing the request.
The new legislation will implement a key commitment included in the Government's response to the Pensions Commission Recommendations and Implementation Plan.
