This week Lord Bichard made the recommendation that pensioners should work for the good of the community or lose part of their pension.
In his view, it is the only way in an ageing society for ‘old’ people not to become a burden on the state. He believes that the ‘not so old’ should contribute by looking after the ‘very old’.
With the increase in state pension age, with many of us are seeing our planned retirement age increased from 60 to nearly 70, and with many working way beyond retirement age either on a full or part-time basis, either through choice or necessity, is this realistic?
Having paid into the system all their working lives, should people effectively have to work for their pension too?
Many would argue that in ‘retirement’ they already give back by looking after grandchildren, getting involved informally in voluntary and charity schemes, but should it be made mandatory?
The impact and issues around an ageing population do need to be addressed – but is this solution realistic?