FIRST CUT: Pension age to rise to 67, starting in 20 years

The age of entitlement for New Zealand Superannuation - the universal national pension - will rise from 65 at present to 67 - but there will be no change for the next 20 years.

From July 1, 2037, the pension entitlement age will rise gradually to 67, Prime Minister Bill English announced today.

However, there will be no legislation before Parliament to enact the policy until after the Sept. 23 election, leaving the policy hostage to both government formation talks with New Zealand First, which supports no age change, and to the possibility of a change government.

The changes "will not affect anyone born on or before June 30, 1972," English said.

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

ATM - In principle agreement to settle shareholder class action
SUM - 1Q26 Metrics - Sales of Occupation Rights
GMT corporatised and stapled structure completed
April 7th Morning Report
KMD completes Placement and Institutional Entitlement Offer
SML - North Island asset sale completed
RAD - Radius Care Expansion Continues with Care Home Acquisition
PFI - Property for Industry Limited Bond Offer Final Terms Sheet
April 1st Morning Report
FSF - Fonterra completes sale of Mainland Group to Lactalis