Increasing the age pension age to 70 (1 Viewer)

[Sathius005]

Do you support increasing the qualifying age for the age pension to 70?
A new report has proposed lifting the pension age to 70 to help government services cope with an ageing population.
The Productivity Commission projects Australia's population will grow from to about 38 million by 2060, with a substantial increase in the number of retirees as people live longer.
It says population growth and ageing will affect labour supply, economic output, infrastructure requirements and government budgets.
The Commission's report has recommended gradually increasing the pension age to 70, as people would be living longer into retirement.

 

[Sathius005]

Re: Do you support increasing the qualifying age for the age pension to 70?

My motto is work till you drop. Working provides a sense of purpose, a sense of dignity and respect. I think older Australians are entitled to be in the workforce and should not be subject to age discrimination.

 

[eastpak]

Re: Do you support increasing the qualifying age for the age pension to 70?

You can still work, but on the things you really enjoy. Alot of people are working shit jobs. So no, of course I dissagree.

 

[SylviaB]

Re: Do you support increasing the qualifying age for the age pension to 70?

My motto is work till you drop. Working provides a sense of purpose, a sense of dignity and respect. I think older Australians are entitled to be in the workforce and should not be subject to age discrimination.

Perhaps you should practice what you preach, because at the moment I'm fairly certain your motto is dont work at all, milk the welfare system

 

[funkshen]

Re: Do you support increasing the qualifying age for the age pension to 70?

i don't know why we ever let cunts retire in the first place

 

[wannaspoon]

Re: Do you support increasing the qualifying age for the age pension to 70?

i don't know why we ever let cunts retire in the first place

yes, a senile old man or woman is really capable of performing their duties as an employee...

 

[wannaspoon]

Re: Do you support increasing the qualifying age for the age pension to 70?

My motto is work till you drop.

bro, do you even work???

Working provides a sense of purpose, a sense of dignity and respect. I think older Australians are entitled to be in the workforce and should not be subject to age discrimination.

you start developing deficiencies in certain faculties with age, meaning you are less capable than before on performing certain tasks... its called old age... you would be in a position where you are more likely to injure yourself at a workplace if you continue working and also, more likely to injure others... this would mean it would be unprofitable to actually keep and older person in work... its sad yes, but its a fact of life...

just think about it: a 70 year old man, unloading shipping containers and driving forklifts... brilliant idea

 

[iJimmy]

Re: Do you support increasing the qualifying age for the age pension to 70?

people are living longer, would be kind of politically sound to naturally want to let people work for longer...

 

[anomalousdecay]

Re: Do you support increasing the qualifying age for the age pension to 70?

My uncles are on the pension and don't work any more. It is so annoying though. When they transition from working to not working, they act like as if everyone has infinite time on their hands like them, and they drive you crazy by talking. I keep telling them to get a part time job or to go to tafe, because I want to get them off my back a bit lol.

 

[iJimmy]

Re: Do you support increasing the qualifying age for the age pension to 70?

I think if a person is capable of work, then Government policy should be introduced forcing able pensioners to work. jobs such as librarians and other jobs that do not require much strenuous effort can be done by pensioners, i've seen librarians in wheelchairs..

 

[wannaspoon]

Re: Do you support increasing the qualifying age for the age pension to 70?

people are living longer

MYTH!

people are living no longer than they used to... its just that less people are dying prematurely...

 

[iJimmy]

Re: Do you support increasing the qualifying age for the age pension to 70?

MYTH!

people are living no longer than they used to... its just that less people are dying prematurely...

troll idk, whats the difference between living longer and dying prematurely, lmao

 

[funkshen]

Re: Do you support increasing the qualifying age for the age pension to 70?

MYTH!

people are living no longer than they used to... its just that less people are dying prematurely...

people are actually living longer, with more disability free years.

 

[wannaspoon]

Re: Do you support increasing the qualifying age for the age pension to 70?

people are actually living longer, with more disability free years.

well, I stand corrected...

still, an increase of 3 years to your life should not justify an increase of 5 years to the retirement age...

 

[funkshen]

Re: Do you support increasing the qualifying age for the age pension to 70?

well, I stand corrected...

still, an increase of 3 years to your life should not justify an increase of 5 years to the retirement age...

the pension age of 65 was set 115 years ago, in 1908.

 

[isildurrrr1]

Re: Do you support increasing the qualifying age for the age pension to 70?

the pension age of 65 was set 115 years ago, in 1908.

http://www.aihw.gov.au/australian-trends-in-life-expectancy/

avg person didn't live past 60 in 1908 either.

 

[funkshen]

Re: Do you support increasing the qualifying age for the age pension to 70?

http://www.aihw.gov.au/australian-trends-in-life-expectancy/

avg person didn't live past 60 in 1908 either.

all we have to do is have a floating retirement age that's ~5 years above average life expectancy

 

[wannaspoon]

Re: Do you support increasing the qualifying age for the age pension to 70?

all we have to do is have a floating retirement age that's ~5 years above average life expectancy

or, have a retirement age that is actually determined on an ad hoc basis... using doctors, psychologists, etc to determine on an individual basis whether a persons suitable to work or earn a pension... using the expertise of these professionals, you can investigate a persons physical and mental health and decide upon whether enough is enough...

 

[Sathius005]

Re: Do you support increasing the qualifying age for the age pension to 70?

By 2060, Australia's population likely to reach 42 million, says Productivity Commission paper
Source: SMH

Sydney and Melbourne will each house 7 million people by 2060; Australia might house 42 million. By then 58 per cent of the population will be in their 50s or older, and importantly 51 per cent of the voters will be that old.
Australians aged 65 and over will account for one quarter of the population. One in six Australians will be aged 75 or more.
Even the very old will become more numerous. A Productivity Commission research paper - An Ageing Australia: Preparing for the Future - to be released on Friday says at present Australia houses one person aged 100 or more for every 100 babies in their first year of life. By 2060 there will be 25 centenarians for every 100 babies.
The commission comes up with the projections by reworking what it believes are "seriously misleading" Bureau of Statistics projections. Whereas the bureau thinks a girl born today can expect to live to 84, the commission thinks she will live to 94 years.
The bureau's tables wrongly assume that children born today will have the same likelihood of dying in their 60s and 70s as Australians presently that old, and also assume no further advances in medical and technologies over the child's lifespan.
The commission says instead of living another 19 years after the age of 65, as the bureau projects, a child born today can expect a further 29 years - a prospect that "raises issues about optimal retirement ages, provision for publicly funded pensions and rules about access to superannuation savings".
The age at which people can access the pension is already due to climb to 67 by 2023. The commission suggests the government consider lifting it further, perhaps to 70 by 2035.
It also suggests older people pay for more of their aged care out of their own pockets. If they do not have the income (many are "income poor") it suggests they use financial instruments to eat into the equity of their own homes.
Those with equity in their homes would be required to pay greater contributions towards the cost of their care. Those who do not own homes would not.
Without these changes it says Australians will need to pay an extra 6 per cent of gross domestic product in tax by 2060. The figure is an advance on the extra 3 per cent the Treasury had forecast in its intergenerational report released in 2010. It will update the intergenerational report in 2015.

 

[funkshen]

Re: Do you support increasing the qualifying age for the age pension to 70?

or, have a retirement age that is actually determined on an ad hoc basis... using doctors, psychologists, etc to determine on an individual basis whether a persons suitable to work or earn a pension... using the expertise of these professionals, you can investigate a persons physical and mental health and decide upon whether enough is enough...

possibly the worst idea ever