Wednesday 13 June 2012

Number Of People working Past Pension's Age Doubled Over Last 20 Years

The number of people working beyond state pension age has almost doubled to 1.4 million in the past 20 years.

The Office for National Statistics said that numbers were relatively stable until 2000 but then increased to a peak of 1.45 million in 2010.

A third of older workers were self-employed, compared with 13% of those below the state pension age, while older employees were twice as likely to be working part-time than be in full-time posts.

The ONS said those remaining in the labour market over state pension age worked fewer hours, possibly helped by the financial support of their state pension and other pension arrangements, allowing them to fit their work around other engagements.

Of the 1.4 million older workers above state pension age, 39% were men and 61% were women.

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