Lifting the retirement age may do more harm than good - CFFC

Wed, 29 Jan 2020

Lifting the age of eligibility for New Zealand Superannuation would do more harm than good, according to a review by the Commission for Financial Capability.Its three-yearly review of retirement income policies – unlike the prior two reviews – found NZ Superannuation looks affordable on current settings for the medium term. The CFFC is an independent government-funded organisation helping people to get ahead financially. The government estimates there will be 1.2 million people aged 65 and over by 2034 and there is concern that rising heal...

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