EU Court Rejects Unified Retirement Law
Posted on: Tuesday, 23 September 2008, 15:00 CDT
The European Court of Justice has rejected a unified EU retirement law regarding mandatory retirement at age 65 or older without compensation.
The court's advocate general ruled against Heyday, a British advocacy group that was backed by the nonprofit organization Age Concern, Health Insurance and Protection reported Tuesday.
The ruling was "good news for business," Mathew Lawrence, a risk consultant at Aon Consulting said.
Many feared a ruling in Heyday's favor would have caused employers to pull back from offering benefits to workers to avoid becoming tangled up in lawsuits, Health Insurance and Protection reported.
Source: United Press International
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