Policy: Entitlements

Australia plan to raise pension age to 70 blasted

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News,Business,Entitlements,Australia

CANBERRA, Australia (AP) — The Australian government's plan to eventually raise the state pension age to 70 has been criticized as unfair for those in physically demanding jobs, the poor and indigenous people.

Raising the pension eligibility age to 70 by 2035 was one of the measures contained in a budget announced on Tuesday to help Australia cope with the costs of an aging population.

The opposition Labor Party has vowed to oppose the change in Parliament. The current pension age is 65.

Opposition treasury spokesman Chris Bowen said on Wednesday the measure fails the "sensible test."

Bowen says no other wealthy country has suggested making its citizens work until they turn 70 before they become eligible for a pension.

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