Retirement Age

The Herald reports:

Lifting the age of eligibility for superannuation to 67 could save future taxpayers at least $100 billion by 2061, says a study made public today.

I have no doubt some future Government will move to increase the age to 67. The move from 60 to 65 was a transition that took ten years to do (off memory). So a transition from 65 to 67 probablyonly needs a 5 to 7 year lead in – even though longer is always better.

The crunch starts to come around 2030 so I would expect whoever is in Government in around 2020 – 2023 to start to make the move to a later retirement age.

Personally it would be desirable that at the time of that change, some sort of automatic indexing is looked at, maybe linked to average life expectancy.