Albert Billington, one of the UK's oldest workers and B&Q's oldest staff member, celebrated his 90th birthday by arriving for work at B&Q. He has worked for the company for over 23 years - starting after retirement from the print industry at the age of 67. The Store Manager said: "He really is a shining example of the fact that age is really just a number and that you're only as old as you feel."
But is this a great example of how working in retirement can be good for your health as well as your wealth - or is this a worrying sign of the future?
Record numbers of people are already continuing to work past 65. Research from Saga shows that 27% of people who are currently over the age of 50 expect to work past this age. B&Q is proud of the diversity within its workforce with over a quarter (28%) of store employees aged over 50.
PositivesResearch from Prudential shows that one of the driving forces behind working later is that people are not ready to stop work at 60 or 65. More than half (55%) of those considering working past State Pension Age believe it would keep their minds and bodies active and healthy, compared with 40% who are motivated by boosting their retirement incomes. Almost as many (38%) say they would be happy to work on simply because they enjoy working so much.
And the group argues that it's good for the economy: "By keeping more over 65s economically active, we will be improving the medium term job prospects for the economy, since millions of older people pulling out of the labour force with inadequate pensions would leave less money to spend on leisure, services and consumption which ultimately means fewer jobs and lower growth for younger generations too. A social revolution seems underway, and the more people embrace these opportunities, the better for all of us."
The negativesHowever, there is a flip side. Many are working on because they simply don't have the means to retire. Stan Russell, Prudential's retirement income expert acknowledges: "Retiring at 60 or 65 years old is no longer a financial reality for many people."
For some people, working in retirement is not a positive lifestyle choice. It's a case of slogging to a job they have long-since grown sick of. Alternatively, it can mean taking on work they take no pleasure from and get nothing out of but a paltry paycheck at the end of the month. For them the idea of celebrating their 90th birthday at work is a living hell.
But what do you think? Would you work in retirement? Let us know in the comments.