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Australia raises the retirement age to 70
2014 May 2, 1:48am 668 views 6 comments
by zzyzzx follow (9)
Comments 1 - 6 of 6 Search these comments
Ceffer
2014 May 2, 2:24am
The age is irrelevant since you can't tell the difference between a retired Aussie and a working Aussie, nobody will even notice.
Beach and barbie, Beach and barbie, punctuated by gallons of lager, it's so monotonous.
Australia raises the retirement age to 70
Isn't there some pesky little detail like parliament voting and approving the changes before you can use the word raises? Just curious if you know the difference between a proposal and a law.
Beach and barbie, Beach and barbie, punctuated by gallons of lager, it's so monotonous.
I didn't find it monotonous at all when I lived down under. Although there were days when I considered doing some work.
casandra
2014 May 2, 3:11am
sad, like here, they make the workers work longer for less, but give away everything else to those on welfare and disability.
i would not want to be a worker anywhere.
Dan8267
2014 May 2, 3:12am
Australia raises the retirement age to 70
In related news, Greece raised it's retirement age to 20.
Ceffer
2014 May 2, 3:36am
It's so easy, just like America, everybody goes on disability and collects the full amount from the age 40. Only the suckers wait 'til 70.
It should be even easier in Australia because working is officially classified as a disability.
zzyzzx
2014 May 2, 3:37am
APOCALYPSEFUCKisShostikovitch says
First, they'll have to find an Australian who ever worked at all.
Can someone explain this one to me.
Comments 1 - 6 of 6 Search these comments
http://www.smh.com.au/federal-politics/political-news/retirement-age-rise-to-70-by-2035-joe-hockey-announces-20140502-zr318.html
Australians born after 1965 will have to work until they are 70 before they are eligible for the age pension, Treasurer Joe Hockey has announced, as he warned there was "no such thing" as a free visit to a doctor or free welfare.
Mr Hockey confirmed on Friday that while nobody currently on the pension would be hit by a rise in the pension age, the Abbott government would raise the retirement age in coming years.
The Treasurer called on the Labor opposition to offer bipartisan support for the move.
In what is expected to be his final major speech before handing down his first federal budget on May 13, Mr Hockey said the Coalition would deliver a document that is "not going to be an austerity budget, but it is going to be a prudent budget" which would prepare Australia for the demographic challenges posed by an ageing population.
"What we are going to do is to deliver a fairer system for the aged pension that is going to focus on the sustainability of the system with a reasonable quality of life. The aged pension expenditure today is currently more than we spend on defence,'' he said.
"It's rising to $72 billion rapidly, that's over 6 per cent growth. One of the reasons why is because we're ageing … but the pension kicks in currently at 65. When Labor increased it to 67 by 2023 we gave them bipartisan support. When we introduce legislation to increase it to 70 by July 2035, ... we expect that there will be bipartisan support."
"The aged pension needs to be a safety net by 2035, not a cargo net."