Changing the NZ Super age won’t fix the country's retirement system problems on its own, panel says at New Zealand Economics For
Interest.co.nz posted this story: Labour leader Chris Hipkins says there’s big questions for us as a country about how we fund superannuation in
the long-term, but raising the age
of eligibility isn’t
one of those questions.
His comment comes after a panel discussion at the New Zealand Economics Forum in Hamilton last week, where the panel spoke about whether the
system could keep up, the age of retirement, life expectancy, and potential tweaks and their impacts on the economy and future generations.
Facilitator and former politician Steven Joyce, ANZ chief economist Sharon Zollner, Milford Asset Management chief executive Blair Turnbull,
Barrister and former politician David Parker, and Aged Care Association chief executive and former politician Tracey Martin made up the
panel.
Part of the panel's discussion was about how the retirement age would need to be raised to 72 or 73.
When asked about this on Monday, Hipkins told reporters he was concerned about “an arbitrary raise” in the retirement age.
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