The Importance of Pensions

In the UK, if an individual has contributed towards national insurance out of their earnings for at least thirty years they will be entitled to the full amount of state pension each week when they reach the pension age. A forced retirement age does not exist so reaching the pension age does not mean a person is required to stop working and in some cases, for financial stability or for a love for keeping active, many individuals will choose to continue working. In some cases an employer can force retirement but must provide reasonable evidence as to why they did so, such as health implications.