This so-called measure has several benefits and drawbacks. The elder employees can benefit from their years of experience if they are retained on the job for longer, which is one advantage. The drawback of this is that many workplaces will report low performance because there is an inverse relationship between a person's success at work and their deterioration in cognitive and physical capacities.
Regardless, what I think is that the government shouldn't shove it down the throat of people. Workers who are approaching retirement age should be given a choice after appraisal to keep working or retire.
What sense does this make? Would you agree or disagree?
Do we only look at work productivity to determine if a plan is something that is great or not? I don't think so. This plan is great as it is because not only does it give these old people a little more chance to work and put food on their table especially now when things are a little hard to deal with and the government's not really reliable. At the same time this gives them more opportunities to live a more fulfilling retirement life. Work productivity will not be inversely affected by this change as you have to consider the fact that the percentages of people on their 62 applying for work is not only low, but exceedingly impractical for companies to hire, not only over the fact that they are already old, but also because they are only legally allowed to serve the company 2 years. Plus the fact that there are also young people that are getting hired every year.
So all in all this is a great plan, gives those whose old but still capable of working at least 2 more years to provide for themselves, and ultimately allows them to live fulfilling retirement days.