The Retirement Commission in New Zealand is advocating for the retirement age to remain at 65, citing concerns that raising the age could unfairly im
The Retirement Commission in New Zealand is advocating for the retirement age to remain at 65, citing concerns that raising the age could unfairly impact manual workers, carers, and those in poor health. With political parties divided on the issue, the Commission emphasizes that current and projected superannuation expenses are sustainable and do not constitute a high percentage of the GDP compared to other OECD countries. They propose exploring alternatives to raising the age, such as income testing for higher earners, to maintain the system’s affordability and fairness.
Full Article: RNZ
