“…About half of those born last year will live to 100, the Financial Services Council predicts.
And if the eligible age for the NZ Super pension stays where it is – the costs will blow out to 12 per cent of the national income by 2080.
Pressure is building on the Government to address the looming pension crisis.
But Prime Minister John Key pledged to resign rather than go back on a commitment not to tinker with the current age of eligibility…”
(cont..)
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