FIRST CUT: Pension age to rise to 67, starting in 20 years

Mon, 06 Mar 2017

By Pattrick Smellie March 6 (BusinessDesk) - The age of entitlement for New Zealand Superannuation - the universal national pension - will rise from 65 at present to 67 - but there will be no change for the next 20 years. From July 1, 2037, the pension entitlement age will rise gradually to 67, Prime Minister Bill English announced today. However, there will be no legislation before Parliament to enact the policy until after the Sept. 23 election, leaving the policy hostage to both government formation talks with New Zealand First, whi...

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