Retiring at 70 was an idea well ahead of its time
- Written by Rafal Chomik, Senior Research Fellow, ARC Centre of Excellence in Population Ageing Research (CEPAR), UNSW
Prime Minister Scott Morrison has abandoned the Coalition’s long-held commitment to lift the pension age from 67 to 70.
The current age is 65½. Under legislation introduced by Labor in 2010 in return for a pension increase, the age of eligibility is set to climb to 67 by 2023. The incoming Abbott government went further in its first...