On Wednesday 13th November the Retirement Planning Council of Ireland, hosted the ‘Retirement Age Change 2014’ breakfast briefing. This event was to provide information and adviceto some of the 400 organisations who work with the Retirement Planning Council and give guidance to their Human Resource professionals in how to deal with this change.

This year will see the state retirement age change from 65 to 66 which will again move up to 67 in 2021 and then to age 68 in 2028. These developments are likely to have significant consequences for employers who may find themselves in a situation where employees due to retire will not be eligible for the entitlements they expected. In association with Mason Hayes Curran, the Retirement Planning Council provided information and guidance on the possible impact of this change and highlighted relevant employment law issues to Human Resources professionals on how to deal with the change.Those affected by the retirement age change next year have questions about the implications of the change, their rights as employers, employees and in particular what it will mean for their business planning structure.  Employers, therefore, need to understand the options available to them in managing the transition for their staff.

According to Elizabeth Carvill of the Retirement Planning Council, “organisations need to understand the implications of the retirement age change for their employees and their business.   Our event aimed to provide insight into the options available to our client organisations and their human resource departments in dealing with this issue.”

The Retirement Planning council provides lifetime retirement planning support to its corporate members and their employees on lifestyle, health as well as financial advice.  Established in 1974, the Retirement Planning Council is an independent body, with a voluntary Board of Directors and has worked with over 1000 companies throughout Ireland.

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