Pushing Retirement Age to 70 Planned by Australia

With a view to help cope with an ageing population, the Australian government said on Friday that it wants to lift the pension entitlement age to 70 being the highest in the developed world. Treasurer Joe Hockey said the previous Labor government planned to raise the age from 65 to 67 in 2023 and the new administration of conservative Prime Minister Tony Abbott wanted to take it further by 2035. "Increasing the pension entitlement age to 70, we are intending ...