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Employment: Pensioners

Volume 465: debated on Tuesday 23 October 2007

To ask the Secretary of State for Work and Pensions pursuant to the answer of 17 September 2007, Official Report, columns 2283-84 on employment: pensioners; how many of those working beyond retirement age (a) gave financial reasons as the explanation for continuing to work and (b) said they would prefer not to work. (155990)

We do not have data on numbers, however our extensive quantitative research provides us with proportions that are representative of the group.

There is no fixed retirement age, but our survey showed that of those working after state pension age:

37 per cent. said they did so because they enjoyed their job/working;

13 per cent. said they wanted to keep fit and active;

22 per cent. said they did so to improve their financial position;

7 per cent. said they could not afford to retire earlier;

5 per cent. said they wanted to improve their pension.

We do not have data to show how many would prefer not to work.

Source: Factors affecting the labour market participation of older people, DWP Research Report 200, CDS 2003.