01-02-2022, 12:24 PM
I can't get past the paywall on the article.
It's probably reasonable to start moving the age of entitlement up, but it does need to be planned and done fairly. Today's 55-65 year olds have paid tax with the promise of receiving super at 65. So that needs to continue. A phased approach for younger people to be informed and plan for an older age of entitlement is fair, like the change from 60 to 65 in the 1990s. Many people continue working far past 65 so receive both salary and super and good on them if that's what is right for them. But not everyone can or wants to do that. Those who have worked hard all their lives and paid their taxes need some security when they start to struggle physically.
It's probably reasonable to start moving the age of entitlement up, but it does need to be planned and done fairly. Today's 55-65 year olds have paid tax with the promise of receiving super at 65. So that needs to continue. A phased approach for younger people to be informed and plan for an older age of entitlement is fair, like the change from 60 to 65 in the 1990s. Many people continue working far past 65 so receive both salary and super and good on them if that's what is right for them. But not everyone can or wants to do that. Those who have worked hard all their lives and paid their taxes need some security when they start to struggle physically.