Posts Tagged ‘work life balance’

At Sixes and Sevens over New Retirement Policy

Wednesday, September 16th, 2009

by Tim Robinson

In its May budget Australia’s Rudd government announced that by 2023 a new retirement age will have been phased in. The new retirement age will increase from the current 65 years to 67 years. When the new policy is in place a raft of existing arrangements and mind-sets will change. Whether it be eligibility for the age pension, policies regarding self-funded retirees’ access to their superannuation balances, eligibility for seniors’ cards, or simply acceptance of a new bench-mark for what constitutes being over the hill, the new retirement age will usher in its own economic and social consequences.  

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