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Why don't you raise the retirement age instead of allowing reemployment?

Re-employment gives older employees an option to continue working after reaching retirement age and allows employers and employees to work out a mutually beneficial arrangement for re-employment.

Employers can benefit from access to an experienced workforce.

Older employees can benefit from the opportunity to renegotiate for a position better suited to their level of fitness, aspirations and/or desired workload at this stage of their life.