Our Senior Discount Club members might remember the good old days when men looked forward to retiring at 65 and receiving the Age Pension, while women's pension age was set at 60.

However, times have changed over the past decade, with the introduction of incremental rises in the pension age, taking it to 67 for all Australians from 1 July 2023.

But how would you feel if the pension age was raised even further, to 70?

Starting next month, the eligibility age for the Age Pension will be raised to 67. Credit: Shutterstock.

Backtracking a little, it was the Rudd Labor government who legislated the pension age increase to 67. However, in May 2014, the then Treasurer Joe Hockey made waves by announcing the pension age would rise to 70 by 2035, a proposition that was met with public outcry and faced serious backlash.

Remember the famous slogan: 'Only a bloke who's worked in an office his whole life would think you can work until you're 70'?

Years later, Scott Morrison officially dropped the age-70 target as a Liberal policy. Micheal McCormack, his deputy, said it was 'probably a step too far', adding, 'I think if you are a tradie, or a brickie, or a shearer in rural and regional Australia, you don't want some suit in Canberra telling you you're going to have to work until you're 70'.

While many can rejoice for now, as all Australians will soon have the same retirement age for the first time in over a decade—there is no guarantee that the debate over raising the pension age is over.

Recently, a group of academics revisited the statistics and released a report suggesting that further pension age increases may be warranted to ensure the country has a sufficient supply of workers in the future.

Macquarie University Business School Professor Hanlin Shang and his co-authors recommend three more pension-age increases over the next 27 years, stepping up to 68 by 2030, 69 by 2036, and 70 by 2050.

The proposal is based on factors such as Australia's low birth rate, which impacts the number of workers available to sustain an ageing population.

Professor Shang says, 'Fewer people in the working group and more in retirement will make the old age dependency ratio (OADR) higher. What this means is there are fewer working people to support elderly people, and with more elderly people in the population, this will create a burden for the government pension system.'

Unsurprisingly, the proposal has been met with criticism. One Australian worker told a news outlet, 'Try and be a tradie at 70,' while a retired nurse added, 'People in their 60s are exhausted. I've got back pain from nursing. I cannot work anymore. People should not have to work in old age.'

In response, National Seniors Australia, a non-profit membership and advocacy organisation, has firmly opposed the proposal to increase the pension age to 70. They argue that numerous individuals leave the workforce due to poor health and are unable to sustain employment. Instead, they propose an alternative solution: providing incentives to those who wish to work for a longer period.

Their campaign, known as Let Pensioners Work, advocates for a reduction in the income test taper rates. This will enable individuals to retain a larger portion of their pension if they opt to continue working. National Seniors Australia believes this approach is more equitable than raising the pension age, as it recognises and rewards individuals who have the desire and necessity to work.

As Chief Advocate Ian Henschke recently told Radio 4BC, 'If you are on a pension, you want to keep working; let them work, and it'll be a win for the economy, a win for the pensioners themselves, and a win for the government'.

Key Takeaways

• The pension age for all Australians is set to be 67, effective on 1 July 2023, after incremental rises were introduced a decade ago.
• In 2014, then Treasurer Joe Hockey announced plans to further raise the pension age to 70 by 2035, but this was met with public backlash and was later dropped as Liberal policy.
• A group of academics have recently released a report suggesting three more pension-age increases over the next 27 years, reaching 70 by 2050, to ensure a sufficient supply of workers in the future.
• National Seniors Australia, a not-for-profit membership and advocacy organisation, rejects calls for raising the pension age to 70 and has instead launched the Let Pensioners Work campaign, advocating for reduced income test taper rates to provide incentives for those who choose to work longer.

Members, we'd love to hear your thoughts on this matter. Should the Australian pension age remain at 67, be raised to 70 as proposed, or revert to 65 as previously set? Are there any alternative suggestions that would better suit the needs of the ageing population? Share your opinions in the comments section below, and let's talk!

 

[Da Freddo]

65 is a reasonable age to retire! Politicians don't think the same, why not?? because they DO NOT
work at hard jobs ie Brickie, concreter, chippie, boilies. No those soft hands retire after 10 years in "CRIME"
sorry I meant POLITICS!. WHAT GIVES THEM THE RIGHT TO DECIDE WHEN I RETIRE. THEY WERE ELECTED TO REPRESENT AND SERVE ME! "NOT THEMSELVES".
WE NEED ANOTHER POLITICAL PARTY WHO WILL HONESTLY REPRESENT THE WORKING PEOPLE OF THIS NOT-SO-GREAT COUNTRY.
Australia used to be the place to live years ago, what happened??
THE POLLIES FU%#ED THIS PLACE UP.
I retired because my body is knackered from sheer hard work boilermaking on heavy engineering projects,eg
Railcars, Mining, Power generation, Collins Subs etc etc..
Age 65 any time after should be NON-NEGOTIABLE.....

 

[Vernon crerar]

Our Senior Discount Club members might remember the good old days when men looked forward to retiring at 65 and receiving the Age Pension, while women's pension age was set at 60.

However, times have changed over the past decade, with the introduction of incremental rises in the pension age, taking it to 67 for all Australians from 1 July 2023.

But how would you feel if the pension age was raised even further, to 70?

View attachment 23327

Starting next month, the eligibility age for the Age Pension will be raised to 67. Credit: Shutterstock.

Backtracking a little, it was the Rudd Labor government who legislated the pension age increase to 67. However, in May 2014, the then Treasurer Joe Hockey made waves by announcing the pension age would rise to 70 by 2035, a proposition that was met with public outcry and faced serious backlash.

Remember the famous slogan: 'Only a bloke who's worked in an office his whole life would think you can work until you're 70'?

Years later, Scott Morrison officially dropped the age-70 target as a Liberal policy. Micheal McCormack, his deputy, said it was 'probably a step too far', adding, 'I think if you are a tradie, or a brickie, or a shearer in rural and regional Australia, you don't want some suit in Canberra telling you you're going to have to work until you're 70'.

While many can rejoice for now, as all Australians will soon have the same retirement age for the first time in over a decade—there is no guarantee that the debate over raising the pension age is over.

Recently, a group of academics revisited the statistics and released a report suggesting that further pension age increases may be warranted to ensure the country has a sufficient supply of workers in the future.

Macquarie University Business School Professor Hanlin Shang and his co-authors recommend three more pension-age increases over the next 27 years, stepping up to 68 by 2030, 69 by 2036, and 70 by 2050.

The proposal is based on factors such as Australia's low birth rate, which impacts the number of workers available to sustain an ageing population.

Professor Shang says, 'Fewer people in the working group and more in retirement will make the old age dependency ratio (OADR) higher. What this means is there are fewer working people to support elderly people, and with more elderly people in the population, this will create a burden for the government pension system.'

Unsurprisingly, the proposal has been met with criticism. One Australian worker told a news outlet, 'Try and be a tradie at 70,' while a retired nurse added, 'People in their 60s are exhausted. I've got back pain from nursing. I cannot work anymore. People should not have to work in old age.'

In response, National Seniors Australia, a non-profit membership and advocacy organisation, has firmly opposed the proposal to increase the pension age to 70. They argue that numerous individuals leave the workforce due to poor health and are unable to sustain employment. Instead, they propose an alternative solution: providing incentives to those who wish to work for a longer period.

Their campaign, known as Let Pensioners Work, advocates for a reduction in the income test taper rates. This will enable individuals to retain a larger portion of their pension if they opt to continue working. National Seniors Australia believes this approach is more equitable than raising the pension age, as it recognises and rewards individuals who have the desire and necessity to work.

As Chief Advocate Ian Henschke recently told Radio 4BC, 'If you are on a pension, you want to keep working; let them work, and it'll be a win for the economy, a win for the pensioners themselves, and a win for the government'.

Key Takeaways

• The pension age for all Australians is set to be 67, effective on 1 July 2023, after incremental rises were introduced a decade ago.
• In 2014, then Treasurer Joe Hockey announced plans to further raise the pension age to 70 by 2035, but this was met with public backlash and was later dropped as Liberal policy.
• A group of academics have recently released a report suggesting three more pension-age increases over the next 27 years, reaching 70 by 2050, to ensure a sufficient supply of workers in the future.
• National Seniors Australia, a not-for-profit membership and advocacy organisation, rejects calls for raising the pension age to 70 and has instead launched the Let Pensioners Work campaign, advocating for reduced income test taper rates to provide incentives for those who choose to work longer.

Members, we'd love to hear your thoughts on this matter. Should the Australian pension age remain at 67, be raised to 70 as proposed, or revert to 65 as previously set? Are there any alternative suggestions that would better suit the needs of the ageing population? Share your opinions in the comments section below, and let's talk!

I think the government should concentrate more on giving more incentives to retires to work longer and reduce the unemployment rate by paying less for the dole which will encourage young ones back to work

 

[I'm Mal]

Our Senior Discount Club members might remember the good old days when men looked forward to retiring at 65 and receiving the Age Pension, while women's pension age was set at 60.

However, times have changed over the past decade, with the introduction of incremental rises in the pension age, taking it to 67 for all Australians from 1 July 2023.

But how would you feel if the pension age was raised even further, to 70?

View attachment 23327

Starting next month, the eligibility age for the Age Pension will be raised to 67. Credit: Shutterstock.

Backtracking a little, it was the Rudd Labor government who legislated the pension age increase to 67. However, in May 2014, the then Treasurer Joe Hockey made waves by announcing the pension age would rise to 70 by 2035, a proposition that was met with public outcry and faced serious backlash.

Remember the famous slogan: 'Only a bloke who's worked in an office his whole life would think you can work until you're 70'?

Years later, Scott Morrison officially dropped the age-70 target as a Liberal policy. Micheal McCormack, his deputy, said it was 'probably a step too far', adding, 'I think if you are a tradie, or a brickie, or a shearer in rural and regional Australia, you don't want some suit in Canberra telling you you're going to have to work until you're 70'.

While many can rejoice for now, as all Australians will soon have the same retirement age for the first time in over a decade—there is no guarantee that the debate over raising the pension age is over.

Recently, a group of academics revisited the statistics and released a report suggesting that further pension age increases may be warranted to ensure the country has a sufficient supply of workers in the future.

Macquarie University Business School Professor Hanlin Shang and his co-authors recommend three more pension-age increases over the next 27 years, stepping up to 68 by 2030, 69 by 2036, and 70 by 2050.

The proposal is based on factors such as Australia's low birth rate, which impacts the number of workers available to sustain an ageing population.

Professor Shang says, 'Fewer people in the working group and more in retirement will make the old age dependency ratio (OADR) higher. What this means is there are fewer working people to support elderly people, and with more elderly people in the population, this will create a burden for the government pension system.'

Unsurprisingly, the proposal has been met with criticism. One Australian worker told a news outlet, 'Try and be a tradie at 70,' while a retired nurse added, 'People in their 60s are exhausted. I've got back pain from nursing. I cannot work anymore. People should not have to work in old age.'

In response, National Seniors Australia, a non-profit membership and advocacy organisation, has firmly opposed the proposal to increase the pension age to 70. They argue that numerous individuals leave the workforce due to poor health and are unable to sustain employment. Instead, they propose an alternative solution: providing incentives to those who wish to work for a longer period.

Their campaign, known as Let Pensioners Work, advocates for a reduction in the income test taper rates. This will enable individuals to retain a larger portion of their pension if they opt to continue working. National Seniors Australia believes this approach is more equitable than raising the pension age, as it recognises and rewards individuals who have the desire and necessity to work.

As Chief Advocate Ian Henschke recently told Radio 4BC, 'If you are on a pension, you want to keep working; let them work, and it'll be a win for the economy, a win for the pensioners themselves, and a win for the government'.

Key Takeaways

• The pension age for all Australians is set to be 67, effective on 1 July 2023, after incremental rises were introduced a decade ago.
• In 2014, then Treasurer Joe Hockey announced plans to further raise the pension age to 70 by 2035, but this was met with public backlash and was later dropped as Liberal policy.
• A group of academics have recently released a report suggesting three more pension-age increases over the next 27 years, reaching 70 by 2050, to ensure a sufficient supply of workers in the future.
• National Seniors Australia, a not-for-profit membership and advocacy organisation, rejects calls for raising the pension age to 70 and has instead launched the Let Pensioners Work campaign, advocating for reduced income test taper rates to provide incentives for those who choose to work longer.

Members, we'd love to hear your thoughts on this matter. Should the Australian pension age remain at 67, be raised to 70 as proposed, or revert to 65 as previously set? Are there any alternative suggestions that would better suit the needs of the ageing population? Share your opinions in the comments section below, and let's talk!

Age pension age should never have been changed from 65. And is was a labour circus that changed it. Surprise Surprise!!!! Every stuff up in this country is at the hands of labour. Just look at the current mob of incompetents. Everyone in Australia was warned repeatedly "it won't be easy under albaneasy" and now look at the state of the nation. A group of spoilt brats making up only 32% of voters ignored the warnings and another minority voted for the teals who were sucked in by the labour lies. It will not be a surprise if this mob of commies currently in office do raise the pension age again. They are already gouging Super and decimating lifestyle for everyone. Anyone who feels the need to remonstrate with me, don't bother, I stand firmly by my comment.

 

[AHruming]

agree with you this is pathetic. And very frightening

I agree I’m 66 have bad arthritis and I’m not enjoying my life in pain

 

[Lynjw]

Our Senior Discount Club members might remember the good old days when men looked forward to retiring at 65 and receiving the Age Pension, while women's pension age was set at 60.

However, times have changed over the past decade, with the introduction of incremental rises in the pension age, taking it to 67 for all Australians from 1 July 2023.

But how would you feel if the pension age was raised even further, to 70?

View attachment 23327

Starting next month, the eligibility age for the Age Pension will be raised to 67. Credit: Shutterstock.

Backtracking a little, it was the Rudd Labor government who legislated the pension age increase to 67. However, in May 2014, the then Treasurer Joe Hockey made waves by announcing the pension age would rise to 70 by 2035, a proposition that was met with public outcry and faced serious backlash.

Remember the famous slogan: 'Only a bloke who's worked in an office his whole life would think you can work until you're 70'?

Years later, Scott Morrison officially dropped the age-70 target as a Liberal policy. Micheal McCormack, his deputy, said it was 'probably a step too far', adding, 'I think if you are a tradie, or a brickie, or a shearer in rural and regional Australia, you don't want some suit in Canberra telling you you're going to have to work until you're 70'.

While many can rejoice for now, as all Australians will soon have the same retirement age for the first time in over a decade—there is no guarantee that the debate over raising the pension age is over.

Recently, a group of academics revisited the statistics and released a report suggesting that further pension age increases may be warranted to ensure the country has a sufficient supply of workers in the future.

Macquarie University Business School Professor Hanlin Shang and his co-authors recommend three more pension-age increases over the next 27 years, stepping up to 68 by 2030, 69 by 2036, and 70 by 2050.

The proposal is based on factors such as Australia's low birth rate, which impacts the number of workers available to sustain an ageing population.

Professor Shang says, 'Fewer people in the working group and more in retirement will make the old age dependency ratio (OADR) higher. What this means is there are fewer working people to support elderly people, and with more elderly people in the population, this will create a burden for the government pension system.'

Unsurprisingly, the proposal has been met with criticism. One Australian worker told a news outlet, 'Try and be a tradie at 70,' while a retired nurse added, 'People in their 60s are exhausted. I've got back pain from nursing. I cannot work anymore. People should not have to work in old age.'

In response, National Seniors Australia, a non-profit membership and advocacy organisation, has firmly opposed the proposal to increase the pension age to 70. They argue that numerous individuals leave the workforce due to poor health and are unable to sustain employment. Instead, they propose an alternative solution: providing incentives to those who wish to work for a longer period.

Their campaign, known as Let Pensioners Work, advocates for a reduction in the income test taper rates. This will enable individuals to retain a larger portion of their pension if they opt to continue working. National Seniors Australia believes this approach is more equitable than raising the pension age, as it recognises and rewards individuals who have the desire and necessity to work.

As Chief Advocate Ian Henschke recently told Radio 4BC, 'If you are on a pension, you want to keep working; let them work, and it'll be a win for the economy, a win for the pensioners themselves, and a win for the government'.

Key Takeaways

• The pension age for all Australians is set to be 67, effective on 1 July 2023, after incremental rises were introduced a decade ago.
• In 2014, then Treasurer Joe Hockey announced plans to further raise the pension age to 70 by 2035, but this was met with public backlash and was later dropped as Liberal policy.
• A group of academics have recently released a report suggesting three more pension-age increases over the next 27 years, reaching 70 by 2050, to ensure a sufficient supply of workers in the future.
• National Seniors Australia, a not-for-profit membership and advocacy organisation, rejects calls for raising the pension age to 70 and has instead launched the Let Pensioners Work campaign, advocating for reduced income test taper rates to provide incentives for those who choose to work longer.

Members, we'd love to hear your thoughts on this matter. Should the Australian pension age remain at 67, be raised to 70 as proposed, or revert to 65 as previously set? Are there any alternative suggestions that would better suit the needs of the ageing population? Share your opinions in the comments section below, and let's talk!

I’m struggling to keep on til 67. With increasing prices snd stress it causes poor health and more impact on Medicare but they still want us to work til 70. Those who began their working life with 60 for Women and 65 for men should have been allowed to stick with that and only those who started working after the rises have to comply. With people working longer won’t it make it harder on the young ones to find jobs and increase unemployment. Or maybe it’s cheaper to pay unemployment benefits than pensions. Working in a stressful office is no easier than a labourer. Mental stress v physical. It’s cruel. Maybe they should introduce compulsory euthanasia at a certain age like in the movie Logan’s run. That’d cut out most pensions. It’s ridiculous. Put the politicians out in the normal workforce and c how they cope til 70.

 

[joshram]

If the current low birth rate is the problem a monetary incentive could be given to support families, perhaps 60 or 70% of normal wages, so that each parent can work part-time and one can always be home with the children. The cost of child care for a working parent is prohibitive and I think it contributes to a decision to limit the size of families.

 

[cmattschoss]

Our Senior Discount Club members might remember the good old days when men looked forward to retiring at 65 and receiving the Age Pension, while women's pension age was set at 60.

However, times have changed over the past decade, with the introduction of incremental rises in the pension age, taking it to 67 for all Australians from 1 July 2023.

But how would you feel if the pension age was raised even further, to 70?

View attachment 23327

Starting next month, the eligibility age for the Age Pension will be raised to 67. Credit: Shutterstock.

Backtracking a little, it was the Rudd Labor government who legislated the pension age increase to 67. However, in May 2014, the then Treasurer Joe Hockey made waves by announcing the pension age would rise to 70 by 2035, a proposition that was met with public outcry and faced serious backlash.

Remember the famous slogan: 'Only a bloke who's worked in an office his whole life would think you can work until you're 70'?

Years later, Scott Morrison officially dropped the age-70 target as a Liberal policy. Micheal McCormack, his deputy, said it was 'probably a step too far', adding, 'I think if you are a tradie, or a brickie, or a shearer in rural and regional Australia, you don't want some suit in Canberra telling you you're going to have to work until you're 70'.

While many can rejoice for now, as all Australians will soon have the same retirement age for the first time in over a decade—there is no guarantee that the debate over raising the pension age is over.

Recently, a group of academics revisited the statistics and released a report suggesting that further pension age increases may be warranted to ensure the country has a sufficient supply of workers in the future.

Macquarie University Business School Professor Hanlin Shang and his co-authors recommend three more pension-age increases over the next 27 years, stepping up to 68 by 2030, 69 by 2036, and 70 by 2050.

The proposal is based on factors such as Australia's low birth rate, which impacts the number of workers available to sustain an ageing population.

Professor Shang says, 'Fewer people in the working group and more in retirement will make the old age dependency ratio (OADR) higher. What this means is there are fewer working people to support elderly people, and with more elderly people in the population, this will create a burden for the government pension system.'

Unsurprisingly, the proposal has been met with criticism. One Australian worker told a news outlet, 'Try and be a tradie at 70,' while a retired nurse added, 'People in their 60s are exhausted. I've got back pain from nursing. I cannot work anymore. People should not have to work in old age.'

In response, National Seniors Australia, a non-profit membership and advocacy organisation, has firmly opposed the proposal to increase the pension age to 70. They argue that numerous individuals leave the workforce due to poor health and are unable to sustain employment. Instead, they propose an alternative solution: providing incentives to those who wish to work for a longer period.

Their campaign, known as Let Pensioners Work, advocates for a reduction in the income test taper rates. This will enable individuals to retain a larger portion of their pension if they opt to continue working. National Seniors Australia believes this approach is more equitable than raising the pension age, as it recognises and rewards individuals who have the desire and necessity to work.

As Chief Advocate Ian Henschke recently told Radio 4BC, 'If you are on a pension, you want to keep working; let them work, and it'll be a win for the economy, a win for the pensioners themselves, and a win for the government'.

Key Takeaways

• The pension age for all Australians is set to be 67, effective on 1 July 2023, after incremental rises were introduced a decade ago.
• In 2014, then Treasurer Joe Hockey announced plans to further raise the pension age to 70 by 2035, but this was met with public backlash and was later dropped as Liberal policy.
• A group of academics have recently released a report suggesting three more pension-age increases over the next 27 years, reaching 70 by 2050, to ensure a sufficient supply of workers in the future.
• National Seniors Australia, a not-for-profit membership and advocacy organisation, rejects calls for raising the pension age to 70 and has instead launched the Let Pensioners Work campaign, advocating for reduced income test taper rates to provide incentives for those who choose to work longer.

Members, we'd love to hear your thoughts on this matter. Should the Australian pension age remain at 67, be raised to 70 as proposed, or revert to 65 as previously set? Are there any alternative suggestions that would better suit the needs of the ageing population? Share your opinions in the comments section below, and let's talk!

Even though it doesn't apply to me, I think it wrong to raise the pension age to 70. Yes, there are some people in their late 60's that still work full-time but not all can work until they are 70 because it depentds on what job they are doing. In France there's backlash because the government wants to raise the pension age to 64 and here we are, they want to make people work till they are 70.

 

[RobinPiggott]

As Chief Advocate Ian Henschke recently told Radio 4BC, 'If you are on a pension, you want to keep working; let them work, and it'll be a win for the economy, a win for the pensioners themselves, and a win for the government'.

This is the best and most logical idea as our taxes will in turn, help pay some of our pension.

 

[Jan A]

One thing is for sure, you will not see any 67 year old former politicians on Job Seeker.

 

[willywop]

Our Senior Discount Club members might remember the good old days when men looked forward to retiring at 65 and receiving the Age Pension, while women's pension age was set at 60.

However, times have changed over the past decade, with the introduction of incremental rises in the pension age, taking it to 67 for all Australians from 1 July 2023.

But how would you feel if the pension age was raised even further, to 70?

View attachment 23327

Starting next month, the eligibility age for the Age Pension will be raised to 67. Credit: Shutterstock.

Backtracking a little, it was the Rudd Labor government who legislated the pension age increase to 67. However, in May 2014, the then Treasurer Joe Hockey made waves by announcing the pension age would rise to 70 by 2035, a proposition that was met with public outcry and faced serious backlash.

Remember the famous slogan: 'Only a bloke who's worked in an office his whole life would think you can work until you're 70'?

Years later, Scott Morrison officially dropped the age-70 target as a Liberal policy. Micheal McCormack, his deputy, said it was 'probably a step too far', adding, 'I think if you are a tradie, or a brickie, or a shearer in rural and regional Australia, you don't want some suit in Canberra telling you you're going to have to work until you're 70'.

While many can rejoice for now, as all Australians will soon have the same retirement age for the first time in over a decade—there is no guarantee that the debate over raising the pension age is over.

Recently, a group of academics revisited the statistics and released a report suggesting that further pension age increases may be warranted to ensure the country has a sufficient supply of workers in the future.

Macquarie University Business School Professor Hanlin Shang and his co-authors recommend three more pension-age increases over the next 27 years, stepping up to 68 by 2030, 69 by 2036, and 70 by 2050.

The proposal is based on factors such as Australia's low birth rate, which impacts the number of workers available to sustain an ageing population.

Professor Shang says, 'Fewer people in the working group and more in retirement will make the old age dependency ratio (OADR) higher. What this means is there are fewer working people to support elderly people, and with more elderly people in the population, this will create a burden for the government pension system.'

Unsurprisingly, the proposal has been met with criticism. One Australian worker told a news outlet, 'Try and be a tradie at 70,' while a retired nurse added, 'People in their 60s are exhausted. I've got back pain from nursing. I cannot work anymore. People should not have to work in old age.'

In response, National Seniors Australia, a non-profit membership and advocacy organisation, has firmly opposed the proposal to increase the pension age to 70. They argue that numerous individuals leave the workforce due to poor health and are unable to sustain employment. Instead, they propose an alternative solution: providing incentives to those who wish to work for a longer period.

Their campaign, known as Let Pensioners Work, advocates for a reduction in the income test taper rates. This will enable individuals to retain a larger portion of their pension if they opt to continue working. National Seniors Australia believes this approach is more equitable than raising the pension age, as it recognises and rewards individuals who have the desire and necessity to work.

As Chief Advocate Ian Henschke recently told Radio 4BC, 'If you are on a pension, you want to keep working; let them work, and it'll be a win for the economy, a win for the pensioners themselves, and a win for the government'.

Key Takeaways

• The pension age for all Australians is set to be 67, effective on 1 July 2023, after incremental rises were introduced a decade ago.
• In 2014, then Treasurer Joe Hockey announced plans to further raise the pension age to 70 by 2035, but this was met with public backlash and was later dropped as Liberal policy.
• A group of academics have recently released a report suggesting three more pension-age increases over the next 27 years, reaching 70 by 2050, to ensure a sufficient supply of workers in the future.
• National Seniors Australia, a not-for-profit membership and advocacy organisation, rejects calls for raising the pension age to 70 and has instead launched the Let Pensioners Work campaign, advocating for reduced income test taper rates to provide incentives for those who choose to work longer.

Members, we'd love to hear your thoughts on this matter. Should the Australian pension age remain at 67, be raised to 70 as proposed, or revert to 65 as previously set? Are there any alternative suggestions that would better suit the needs of the ageing population? Share your opinions in the comments section below, and let's talk!

YES THERE IS LIKE BRITSH AND NEW ZEALAND HAVE A UNIVERSAL PENSION AND ALL HAVE TO PUT IN A TAX FORM EACH YEAR AND PAY TAX OVER A FIX AMOUNT

 

[Milica]

Another misleading headline! I am so tired of entitled pensioners whingeing amd complaining about how tough they have it. I wonder how many have cashed in their super the moment they had access to it and spent it on caravans and overseas travel instead of making the money work for them!

The retirement age will not be raised, people can retire at any age if they so choose. Alternatively, if they want to, they can work until their nineties.

What is being increased, is the age at which people qualify for the age pension and, to be quite honest, NOBODY retiring now should have to rely totally on the age pension, considering that super has now been place now for more than 30 years!

This means that anybody in their 50s, has had superannuation contributions made by their employer for their entire working life to date!

The age pension is a safety blanket only, no longer an entitlement!

 

[Jllieb]

Our Senior Discount Club members might remember the good old days when men looked forward to retiring at 65 and receiving the Age Pension, while women's pension age was set at 60.

However, times have changed over the past decade, with the introduction of incremental rises in the pension age, taking it to 67 for all Australians from 1 July 2023.

But how would you feel if the pension age was raised even further, to 70?

View attachment 23327

Starting next month, the eligibility age for the Age Pension will be raised to 67. Credit: Shutterstock.

Backtracking a little, it was the Rudd Labor government who legislated the pension age increase to 67. However, in May 2014, the then Treasurer Joe Hockey made waves by announcing the pension age would rise to 70 by 2035, a proposition that was met with public outcry and faced serious backlash.

Remember the famous slogan: 'Only a bloke who's worked in an office his whole life would think you can work until you're 70'?

Years later, Scott Morrison officially dropped the age-70 target as a Liberal policy. Micheal McCormack, his deputy, said it was 'probably a step too far', adding, 'I think if you are a tradie, or a brickie, or a shearer in rural and regional Australia, you don't want some suit in Canberra telling you you're going to have to work until you're 70'.

While many can rejoice for now, as all Australians will soon have the same retirement age for the first time in over a decade—there is no guarantee that the debate over raising the pension age is over.

Recently, a group of academics revisited the statistics and released a report suggesting that further pension age increases may be warranted to ensure the country has a sufficient supply of workers in the future.

Macquarie University Business School Professor Hanlin Shang and his co-authors recommend three more pension-age increases over the next 27 years, stepping up to 68 by 2030, 69 by 2036, and 70 by 2050.

The proposal is based on factors such as Australia's low birth rate, which impacts the number of workers available to sustain an ageing population.

Professor Shang says, 'Fewer people in the working group and more in retirement will make the old age dependency ratio (OADR) higher. What this means is there are fewer working people to support elderly people, and with more elderly people in the population, this will create a burden for the government pension system.'

Unsurprisingly, the proposal has been met with criticism. One Australian worker told a news outlet, 'Try and be a tradie at 70,' while a retired nurse added, 'People in their 60s are exhausted. I've got back pain from nursing. I cannot work anymore. People should not have to work in old age.'

In response, National Seniors Australia, a non-profit membership and advocacy organisation, has firmly opposed the proposal to increase the pension age to 70. They argue that numerous individuals leave the workforce due to poor health and are unable to sustain employment. Instead, they propose an alternative solution: providing incentives to those who wish to work for a longer period.

Their campaign, known as Let Pensioners Work, advocates for a reduction in the income test taper rates. This will enable individuals to retain a larger portion of their pension if they opt to continue working. National Seniors Australia believes this approach is more equitable than raising the pension age, as it recognises and rewards individuals who have the desire and necessity to work.

As Chief Advocate Ian Henschke recently told Radio 4BC, 'If you are on a pension, you want to keep working; let them work, and it'll be a win for the economy, a win for the pensioners themselves, and a win for the government'.

Key Takeaways

• The pension age for all Australians is set to be 67, effective on 1 July 2023, after incremental rises were introduced a decade ago.
• In 2014, then Treasurer Joe Hockey announced plans to further raise the pension age to 70 by 2035, but this was met with public backlash and was later dropped as Liberal policy.
• A group of academics have recently released a report suggesting three more pension-age increases over the next 27 years, reaching 70 by 2050, to ensure a sufficient supply of workers in the future.
• National Seniors Australia, a not-for-profit membership and advocacy organisation, rejects calls for raising the pension age to 70 and has instead launched the Let Pensioners Work campaign, advocating for reduced income test taper rates to provide incentives for those who choose to work longer.

Members, we'd love to hear your thoughts on this matter. Should the Australian pension age remain at 67, be raised to 70 as proposed, or revert to 65 as previously set? Are there any alternative suggestions that would better suit the needs of the ageing population? Share your opinions in the comments section below, and let's talk!

 

[LexieB]

Our Senior Discount Club members might remember the good old days when men looked forward to retiring at 65 and receiving the Age Pension, while women's pension age was set at 60.

However, times have changed over the past decade, with the introduction of incremental rises in the pension age, taking it to 67 for all Australians from 1 July 2023.

But how would you feel if the pension age was raised even further, to 70?

View attachment 23327

Starting next month, the eligibility age for the Age Pension will be raised to 67. Credit: Shutterstock.

Backtracking a little, it was the Rudd Labor government who legislated the pension age increase to 67. However, in May 2014, the then Treasurer Joe Hockey made waves by announcing the pension age would rise to 70 by 2035, a proposition that was met with public outcry and faced serious backlash.

Remember the famous slogan: 'Only a bloke who's worked in an office his whole life would think you can work until you're 70'?

Years later, Scott Morrison officially dropped the age-70 target as a Liberal policy. Micheal McCormack, his deputy, said it was 'probably a step too far', adding, 'I think if you are a tradie, or a brickie, or a shearer in rural and regional Australia, you don't want some suit in Canberra telling you you're going to have to work until you're 70'.

While many can rejoice for now, as all Australians will soon have the same retirement age for the first time in over a decade—there is no guarantee that the debate over raising the pension age is over.

Recently, a group of academics revisited the statistics and released a report suggesting that further pension age increases may be warranted to ensure the country has a sufficient supply of workers in the future.

Macquarie University Business School Professor Hanlin Shang and his co-authors recommend three more pension-age increases over the next 27 years, stepping up to 68 by 2030, 69 by 2036, and 70 by 2050.

The proposal is based on factors such as Australia's low birth rate, which impacts the number of workers available to sustain an ageing population.

Professor Shang says, 'Fewer people in the working group and more in retirement will make the old age dependency ratio (OADR) higher. What this means is there are fewer working people to support elderly people, and with more elderly people in the population, this will create a burden for the government pension system.'

Unsurprisingly, the proposal has been met with criticism. One Australian worker told a news outlet, 'Try and be a tradie at 70,' while a retired nurse added, 'People in their 60s are exhausted. I've got back pain from nursing. I cannot work anymore. People should not have to work in old age.'

In response, National Seniors Australia, a non-profit membership and advocacy organisation, has firmly opposed the proposal to increase the pension age to 70. They argue that numerous individuals leave the workforce due to poor health and are unable to sustain employment. Instead, they propose an alternative solution: providing incentives to those who wish to work for a longer period.

Their campaign, known as Let Pensioners Work, advocates for a reduction in the income test taper rates. This will enable individuals to retain a larger portion of their pension if they opt to continue working. National Seniors Australia believes this approach is more equitable than raising the pension age, as it recognises and rewards individuals who have the desire and necessity to work.

As Chief Advocate Ian Henschke recently told Radio 4BC, 'If you are on a pension, you want to keep working; let them work, and it'll be a win for the economy, a win for the pensioners themselves, and a win for the government'.

Key Takeaways

• The pension age for all Australians is set to be 67, effective on 1 July 2023, after incremental rises were introduced a decade ago.
• In 2014, then Treasurer Joe Hockey announced plans to further raise the pension age to 70 by 2035, but this was met with public backlash and was later dropped as Liberal policy.
• A group of academics have recently released a report suggesting three more pension-age increases over the next 27 years, reaching 70 by 2050, to ensure a sufficient supply of workers in the future.
• National Seniors Australia, a not-for-profit membership and advocacy organisation, rejects calls for raising the pension age to 70 and has instead launched the Let Pensioners Work campaign, advocating for reduced income test taper rates to provide incentives for those who choose to work longer.

Members, we'd love to hear your thoughts on this matter. Should the Australian pension age remain at 67, be raised to 70 as proposed, or revert to 65 as previously set? Are there any alternative suggestions that would better suit the needs of the ageing population? Share your opinions in the comments section below, and let's talk!

In

 

[Dondon]

Revert back to 65 l am nearly 61, and my body has had it, it's a struggle and if you want to keep working go for it.

Our Senior Discount Club members might remember the good old days when men looked forward to retiring at 65 and receiving the Age Pension, while women's pension age was set at 60.

However, times have changed over the past decade, with the introduction of incremental rises in the pension age, taking it to 67 for all Australians from 1 July 2023.

But how would you feel if the pension age was raised even further, to 70?

View attachment 23327

Starting next month, the eligibility age for the Age Pension will be raised to 67. Credit: Shutterstock.

Backtracking a little, it was the Rudd Labor government who legislated the pension age increase to 67. However, in May 2014, the then Treasurer Joe Hockey made waves by announcing the pension age would rise to 70 by 2035, a proposition that was met with public outcry and faced serious backlash.

Remember the famous slogan: 'Only a bloke who's worked in an office his whole life would think you can work until you're 70'?

Years later, Scott Morrison officially dropped the age-70 target as a Liberal policy. Micheal McCormack, his deputy, said it was 'probably a step too far', adding, 'I think if you are a tradie, or a brickie, or a shearer in rural and regional Australia, you don't want some suit in Canberra telling you you're going to have to work until you're 70'.

While many can rejoice for now, as all Australians will soon have the same retirement age for the first time in over a decade—there is no guarantee that the debate over raising the pension age is over.

Recently, a group of academics revisited the statistics and released a report suggesting that further pension age increases may be warranted to ensure the country has a sufficient supply of workers in the future.

Macquarie University Business School Professor Hanlin Shang and his co-authors recommend three more pension-age increases over the next 27 years, stepping up to 68 by 2030, 69 by 2036, and 70 by 2050.

The proposal is based on factors such as Australia's low birth rate, which impacts the number of workers available to sustain an ageing population.

Professor Shang says, 'Fewer people in the working group and more in retirement will make the old age dependency ratio (OADR) higher. What this means is there are fewer working people to support elderly people, and with more elderly people in the population, this will create a burden for the government pension system.'

Unsurprisingly, the proposal has been met with criticism. One Australian worker told a news outlet, 'Try and be a tradie at 70,' while a retired nurse added, 'People in their 60s are exhausted. I've got back pain from nursing. I cannot work anymore. People should not have to work in old age.'

In response, National Seniors Australia, a non-profit membership and advocacy organisation, has firmly opposed the proposal to increase the pension age to 70. They argue that numerous individuals leave the workforce due to poor health and are unable to sustain employment. Instead, they propose an alternative solution: providing incentives to those who wish to work for a longer period.

Their campaign, known as Let Pensioners Work, advocates for a reduction in the income test taper rates. This will enable individuals to retain a larger portion of their pension if they opt to continue working. National Seniors Australia believes this approach is more equitable than raising the pension age, as it recognises and rewards individuals who have the desire and necessity to work.

As Chief Advocate Ian Henschke recently told Radio 4BC, 'If you are on a pension, you want to keep working; let them work, and it'll be a win for the economy, a win for the pensioners themselves, and a win for the government'.

Key Takeaways

• The pension age for all Australians is set to be 67, effective on 1 July 2023, after incremental rises were introduced a decade ago.
• In 2014, then Treasurer Joe Hockey announced plans to further raise the pension age to 70 by 2035, but this was met with public backlash and was later dropped as Liberal policy.
• A group of academics have recently released a report suggesting three more pension-age increases over the next 27 years, reaching 70 by 2050, to ensure a sufficient supply of workers in the future.
• National Seniors Australia, a not-for-profit membership and advocacy organisation, rejects calls for raising the pension age to 70 and has instead launched the Let Pensioners Work campaign, advocating for reduced income test taper rates to provide incentives for those who choose to work longer.

Members, we'd love to hear your thoughts on this matter. Should the Australian pension age remain at 67, be raised to 70 as proposed, or revert to 65 as previously set? Are there any alternative suggestions that would better suit the needs of the ageing population? Share your opinions in the comments section below, and let's talk!evert

ert to

 

[Mondure]

Our Senior Discount Club members might remember the good old days when men looked forward to retiring at 65 and receiving the Age Pension, while women's pension age was set at 60.

However, times have changed over the past decade, with the introduction of incremental rises in the pension age, taking it to 67 for all Australians from 1 July 2023.

But how would you feel if the pension age was raised even further, to 70?

View attachment 23327

Starting next month, the eligibility age for the Age Pension will be raised to 67. Credit: Shutterstock.

Backtracking a little, it was the Rudd Labor government who legislated the pension age increase to 67. However, in May 2014, the then Treasurer Joe Hockey made waves by announcing the pension age would rise to 70 by 2035, a proposition that was met with public outcry and faced serious backlash.

Remember the famous slogan: 'Only a bloke who's worked in an office his whole life would think you can work until you're 70'?

Years later, Scott Morrison officially dropped the age-70 target as a Liberal policy. Micheal McCormack, his deputy, said it was 'probably a step too far', adding, 'I think if you are a tradie, or a brickie, or a shearer in rural and regional Australia, you don't want some suit in Canberra telling you you're going to have to work until you're 70'.

While many can rejoice for now, as all Australians will soon have the same retirement age for the first time in over a decade—there is no guarantee that the debate over raising the pension age is over.

Recently, a group of academics revisited the statistics and released a report suggesting that further pension age increases may be warranted to ensure the country has a sufficient supply of workers in the future.

Macquarie University Business School Professor Hanlin Shang and his co-authors recommend three more pension-age increases over the next 27 years, stepping up to 68 by 2030, 69 by 2036, and 70 by 2050.

The proposal is based on factors such as Australia's low birth rate, which impacts the number of workers available to sustain an ageing population.

Professor Shang says, 'Fewer people in the working group and more in retirement will make the old age dependency ratio (OADR) higher. What this means is there are fewer working people to support elderly people, and with more elderly people in the population, this will create a burden for the government pension system.'

Unsurprisingly, the proposal has been met with criticism. One Australian worker told a news outlet, 'Try and be a tradie at 70,' while a retired nurse added, 'People in their 60s are exhausted. I've got back pain from nursing. I cannot work anymore. People should not have to work in old age.'

In response, National Seniors Australia, a non-profit membership and advocacy organisation, has firmly opposed the proposal to increase the pension age to 70. They argue that numerous individuals leave the workforce due to poor health and are unable to sustain employment. Instead, they propose an alternative solution: providing incentives to those who wish to work for a longer period.

Their campaign, known as Let Pensioners Work, advocates for a reduction in the income test taper rates. This will enable individuals to retain a larger portion of their pension if they opt to continue working. National Seniors Australia believes this approach is more equitable than raising the pension age, as it recognises and rewards individuals who have the desire and necessity to work.

As Chief Advocate Ian Henschke recently told Radio 4BC, 'If you are on a pension, you want to keep working; let them work, and it'll be a win for the economy, a win for the pensioners themselves, and a win for the government'.

Key Takeaways

• The pension age for all Australians is set to be 67, effective on 1 July 2023, after incremental rises were introduced a decade ago.
• In 2014, then Treasurer Joe Hockey announced plans to further raise the pension age to 70 by 2035, but this was met with public backlash and was later dropped as Liberal policy.
• A group of academics have recently released a report suggesting three more pension-age increases over the next 27 years, reaching 70 by 2050, to ensure a sufficient supply of workers in the future.
• National Seniors Australia, a not-for-profit membership and advocacy organisation, rejects calls for raising the pension age to 70 and has instead launched the Let Pensioners Work campaign, advocating for reduced income test taper rates to provide incentives for those who choose to work longer.

Members, we'd love to hear your thoughts on this matter. Should the Australian pension age remain at 67, be raised to 70 as proposed, or revert to 65 as previously set? Are there any alternative suggestions that would better suit the needs of the ageing population? Share your opinions in the comments section below, and let's talk!

People should be given the choice from 65. Some are well and healthy while others aren't. Maybe incentives. My dad wanted to continue working at 65 and had a major heart attack at 66. My uncle was 69 when he died. No enjoyment of retireing. Choice

 

[Milica]

Another misleading headline! I am so tired of entitled pensioners whingeing amd complaining about how tough they have it. I wonder how many have cashed in their super the moment they had access to it and spent it on caravans and overseas travel instead of making the money work for them!

The retirement age will not be raised, people can retire at any age if they so choose. Alternatively, if they want to, they can work until their nineties.

What is being increased, is the age at which people qualify for the age pension and, to be quite honest, NOBODY retiring now should have to rely totally on the age pension, considering that super has now been place now for more than 30 years!

This means that anybody in their 50s, has had superannuation contributions made by their employer for their entire working life to date!

The age pension is a safety blanket only, no longer an entitlement!

As i read it now & previous - as you have put it "entitled pensioners whingeing and complaining how tough they have it" and many are doing it tough! it is none of your business or mine if a person has taken out all there super, and spent it however they have liked to-it is there's no-one elses.
I am sure everyone reading the article is aware that it is in relation to the "age which people can qualify for the age pension" we have been around for a while.

Reality is that there are many of us who are totally relying on the age pension, as many did not have a super - each and every persons life situation is different, we do not have the right to summise or judge another for where they find themselves later in life. I am wondering why you are so negative towards age pensioners-the ones you call entitled! Are you not entitled to the "safety blanket"-the rudeness off it!

 

[Jill57]

A dont see what all the fuss is about, people will have plenty of super squirreled away by the time it gets moved to 70. So people will simply self fund their retirement for the last few years before hitting the trigger age for the govt handout.

May have the money to pay for their retirement at 70 but they may die in the next few years if have worked to 70

 

[Mani]

Our Senior Discount Club members might remember the good old days when men looked forward to retiring at 65 and receiving the Age Pension, while women's pension age was set at 60.

However, times have changed over the past decade, with the introduction of incremental rises in the pension age, taking it to 67 for all Australians from 1 July 2023.

But how would you feel if the pension age was raised even further, to 70?

View attachment 23327

Starting next month, the eligibility age for the Age Pension will be raised to 67. Credit: Shutterstock.

Backtracking a little, it was the Rudd Labor government who legislated the pension age increase to 67. However, in May 2014, the then Treasurer Joe Hockey made waves by announcing the pension age would rise to 70 by 2035, a proposition that was met with public outcry and faced serious backlash.

Remember the famous slogan: 'Only a bloke who's worked in an office his whole life would think you can work until you're 70'?

Years later, Scott Morrison officially dropped the age-70 target as a Liberal policy. Micheal McCormack, his deputy, said it was 'probably a step too far', adding, 'I think if you are a tradie, or a brickie, or a shearer in rural and regional Australia, you don't want some suit in Canberra telling you you're going to have to work until you're 70'.

While many can rejoice for now, as all Australians will soon have the same retirement age for the first time in over a decade—there is no guarantee that the debate over raising the pension age is over.

Recently, a group of academics revisited the statistics and released a report suggesting that further pension age increases may be warranted to ensure the country has a sufficient supply of workers in the future.

Macquarie University Business School Professor Hanlin Shang and his co-authors recommend three more pension-age increases over the next 27 years, stepping up to 68 by 2030, 69 by 2036, and 70 by 2050.

The proposal is based on factors such as Australia's low birth rate, which impacts the number of workers available to sustain an ageing population.

Professor Shang says, 'Fewer people in the working group and more in retirement will make the old age dependency ratio (OADR) higher. What this means is there are fewer working people to support elderly people, and with more elderly people in the population, this will create a burden for the government pension system.'

Unsurprisingly, the proposal has been met with criticism. One Australian worker told a news outlet, 'Try and be a tradie at 70,' while a retired nurse added, 'People in their 60s are exhausted. I've got back pain from nursing. I cannot work anymore. People should not have to work in old age.'

In response, National Seniors Australia, a non-profit membership and advocacy organisation, has firmly opposed the proposal to increase the pension age to 70. They argue that numerous individuals leave the workforce due to poor health and are unable to sustain employment. Instead, they propose an alternative solution: providing incentives to those who wish to work for a longer period.

Their campaign, known as Let Pensioners Work, advocates for a reduction in the income test taper rates. This will enable individuals to retain a larger portion of their pension if they opt to continue working. National Seniors Australia believes this approach is more equitable than raising the pension age, as it recognises and rewards individuals who have the desire and necessity to work.

As Chief Advocate Ian Henschke recently told Radio 4BC, 'If you are on a pension, you want to keep working; let them work, and it'll be a win for the economy, a win for the pensioners themselves, and a win for the government'.

Key Takeaways

• The pension age for all Australians is set to be 67, effective on 1 July 2023, after incremental rises were introduced a decade ago.
• In 2014, then Treasurer Joe Hockey announced plans to further raise the pension age to 70 by 2035, but this was met with public backlash and was later dropped as Liberal policy.
• A group of academics have recently released a report suggesting three more pension-age increases over the next 27 years, reaching 70 by 2050, to ensure a sufficient supply of workers in the future.
• National Seniors Australia, a not-for-profit membership and advocacy organisation, rejects calls for raising the pension age to 70 and has instead launched the Let Pensioners Work campaign, advocating for reduced income test taper rates to provide incentives for those who choose to work longer.

Members, we'd love to hear your thoughts on this matter. Should the Australian pension age remain at 67, be raised to 70 as proposed, or revert to 65 as previously set? Are there any alternative suggestions that would better suit the needs of the ageing population? Share your opinions in the comments section below, and let's talk!

We have to be very careful in how we apply the pensionable age. We all know that people who are low waged works and who work very hard an on high risk industries do not generally retain their health and working ability past 65 years, whereas workers in the white collar industries may be just as hard working may have less medical problems and possibly able to work till 70. To solve this those who are unable to work should be able to have the mature age pension till actual pension age.

 

[gordon1940]

Why did we pay taxes all those years? It was for the pension. They keep raising the age every few years and it's not fair to the people who reach the age only to have it change.

Paying Tax during a working life does not entitle anyone to receive an Aged Pension.

 

[gordon1940]

Just imagine if the lazy bastards on the dole got off their bums and got a job the country would be better off making it harder to get on the dole would make them think to bring back national service and make them work for their money

Be stricter in applying the approval conditions and withdraw the payments to those that do not qualify. That’s a start.