THREE years after a historic move by the Government to outlaw enforced retirement, more than one million over-65s are choosing to stay in work.

According to analysis by the Department for Work and Pensions, nearly 250,000 more people aged 65 and over have opted to stay in work since the default retirement age was abolished in 2011. Across Yorkshire, 7.6 per cent of over-65s are in employment.

There are now 1.1 million people aged 65 and over in work, compared to 874,000 at the end of 2011.

An average earner working a year longer has the potential to boost their pension pot by around £4,500, as well as earning an extra year’s salary. Research also shows that if everyone chose to work one year longer, gross domestic product could increase by one per cent.

More than 400,000 people aged 65 and over are now in self-employment, according to the Office of National Statistics.

THREE years after an historic Government move to outlaw enforced retirement, more than one million over 65s are now choosing to stay in work.

According to analysis by the Department of Work and Pensions, nearly a quarter of a million more people aged 65 and over have opted to stay in work since the Default Retirement Age was abolished in 2011. Across Yorkshire 7.6 per cent over 65s are in employment.

There are now 1.1 million people workers aged 65 and over in work compared to 874,000 at the end of 2011 – an increase of 229,000.

An average earner working one year longer has the potential to boost their pension pot by around £4,500, in addition to earning an extra year’s salary.

Research also shows if everyone chose to work one year longer, GDP could increase by one per cent – the equivalent of £16 billion in 2013.

More than 400,000 people aged 65 and over are now in self-employment according to Office of National Statistics data.