Pension age could go up to 70
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The Productivity Commission has recommended that the pension age be raised to 70. They say it will help lower taxes and ease the strain on the health system but not everyone’s convinced.
The pension age could increase to 70 years old in order to save around 150 billion dollars over 50 years. Over the years, the pension age has risen from 65, to 67 and now 70.
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