age of eligibility

Regrettably, the government’s recent announcements on the public provision for retirement have added to the uncertainty the young face. 

The Government’s announced proposal to raise the age of eligibility for New Zealand Superannuation (NZS) is a real botch job. I’ll leave others to write about the political botch; here the focus is on the policy.

The case for raising the age of eligibility for NZS; and how we can do it. 

I support raising the age of eligibility for NZS but not, primarily, for reasons of fiscal sustainability. Rather it needs to be increased for equity reasons. Longevity is increasing. When the Old Aged Pension was introduced in 1898, life expectancy at the age of 65 was 13 years; today it is 20 years, and it will continue to rise.