Ageing Implications For Pensions of the Future

For the first time in history, it seems we have more people over 50 than children under five.

With our extended and healthier life spans these days, it is clear that, economically, those of us who can, will need to work longer and so demand less on Government pensions.

The pressure on public pension funding, from a smaller working base of tax payers, will eventually lead to many changes such as deeper means testing, including greater scrutiny on our total assets.

With a set retirement age, we just don’t over-night, become non productive in the workspace.

This is a very complex matter, and your comments and ideas would be welcome…

One thought on “Ageing Implications For Pensions of the Future

  1. Three main comments on this one.

    1) When compulsory super came in the government sold it as a means to give us independence in retirement without being reliant on Age Pension. I can never understand why this money was not restricted to be used as a pension instead of as a ‘term investment’ to be spent as soon as available. Also there should have been just the one super fund for everyone. As it is many people have in fact lost all the money that was put into funds by way of fees and poor investment.

    2) Though many continue to live in good health past the set retirement age it is a fact of life that parts do wear out at various ages and also that ‘chickens come home to roost’ for people who have made poor lifestyle choices. This impacts in various ways upon ability to continue working.

    3) Losing a job or becoming retrenched once past 50 yrs old (let alone 65) gives little hope of a return to the workforce simply because employers (often wrongly) will choose younger employees. It would be different if there was full employment but it is increasingly unlikely that will ever occur again.

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