New Zealand’s Retirement Commissioner Jane Wrightson says New Zealanders aren’t wealthy enough to cope with a higher pension age.
Her predecessors Diane Maxwell and Diana Crossan recommended the age at which people get the universal state pension should rise from 65 to 67, But Wrightson said 40% of people aged 65 and over had virtually no other income besides NZ Super, and another 20% only had a little more.
“Even with NZ Super, close to one in three people don’t think they will have enough for retirement unless they continue working past 65,” she said.