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?
You seem to think that this is an enforced retirement age? It is not. It's an age that people reach and can choose to leave the business, at which point they will be eligible for state benefits which they've probably been paying towards their whole life. In most cases it is optional and very attractive for people to leave at that point, as they essentially have an income that they don't have to work for anymore and it is supported by any private pension plan that they may have also built up over time. Businesses may be happy to keep workers on after this age, especially if they are fully competent, because of the skills that you mentioned and they don't force people out after this age in most civilized countries.