© New Zealand Broadcasting School 2019

Retirement age a key debate for election year

Emily O'Connell
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Retirement age affecting our elderly Flickr

The National Party have released their plans to change the retirement age but other parties don't think it's a wise move.

How old is too old to retire? The age-old debate has many people around the country talking.

National plans to begin increasing the retirement age from 65 to 67 in 20 years’ time.

Opposing parties, Green and Labour have both said if they were to get into power, they would keep the retirement age at 65.

Business New Zealand support National’s latest policy and would like other parties to do the same. BNZ’s Economist, John Pask, said extending the retirement age by two years wouldn't do New Zealanders any harm. He thought it leaves plenty of time for Kiwis to get their head around working a bit longer.

But some people aren’t even sure the policy will come to fruition.

Grey Power President, Tom O'Connor said it's impossible to know what is going to happen that far into the future. O'Connor believed the policy is driving a bigger wedge between the rich and poor. Finally, O'Connor added the young and old must stick together in order to have a government which will take care of them both.

The General Election will be held on September 23 this year.