
<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	>
<channel>
	<title>Comments on: Extending the Pension Age to 67</title>
	<atom:link href="http://www.bernardsalt.com.au/archives/525/feed" rel="self" type="application/rss+xml" />
	<link>http://www.bernardsalt.com.au/archives/525</link>
	<description></description>
	<pubDate>Thu, 09 Sep 2010 15:17:56 +0000</pubDate>
	<generator>http://wordpress.org/?v=2.7.1</generator>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
		<item>
		<title>By: Bernard Salt</title>
		<link>http://www.bernardsalt.com.au/archives/525/comment-page-1#comment-672</link>
		<dc:creator>Bernard Salt</dc:creator>
		<pubDate>Mon, 11 Jan 2010 04:20:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.bernardsalt.com.au/?p=525#comment-672</guid>
		<description>The problem with working till you are 100 is that this is not possible for blue collar workers.  What you suggest is a whitre collar and a middle class response.  By 50 most blue collars workers have muscular and skeletal issues.</description>
		<content:encoded><![CDATA[<p>The problem with working till you are 100 is that this is not possible for blue collar workers.  What you suggest is a whitre collar and a middle class response.  By 50 most blue collars workers have muscular and skeletal issues.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Chris</title>
		<link>http://www.bernardsalt.com.au/archives/525/comment-page-1#comment-600</link>
		<dc:creator>Chris</dc:creator>
		<pubDate>Tue, 22 Dec 2009 19:34:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.bernardsalt.com.au/?p=525#comment-600</guid>
		<description>By the time I hit 67 in another 26 years, advancements in technology will be able to increase my life expectancy by at least another 26 years, and most probably longer as each year passes. That means I have a good chance of living to 100+. What am I going to do with all those years? If you find work that you enjoy doing, then that is your answer. If you retire, you die. So don't retire. But I wouldn't say No to the pension still along the way :)</description>
		<content:encoded><![CDATA[<p>By the time I hit 67 in another 26 years, advancements in technology will be able to increase my life expectancy by at least another 26 years, and most probably longer as each year passes. That means I have a good chance of living to 100+. What am I going to do with all those years? If you find work that you enjoy doing, then that is your answer. If you retire, you die. So don&#8217;t retire. But I wouldn&#8217;t say No to the pension still along the way <img src='http://www.bernardsalt.com.au/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Lee</title>
		<link>http://www.bernardsalt.com.au/archives/525/comment-page-1#comment-27</link>
		<dc:creator>Lee</dc:creator>
		<pubDate>Mon, 15 Jun 2009 07:10:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.bernardsalt.com.au/?p=525#comment-27</guid>
		<description>Great! I've got another 35 years of work ahead of me. Just when I thought I was halfway there! I wonder how much extra I'll be taxed by then too?</description>
		<content:encoded><![CDATA[<p>Great! I&#8217;ve got another 35 years of work ahead of me. Just when I thought I was halfway there! I wonder how much extra I&#8217;ll be taxed by then too?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: James</title>
		<link>http://www.bernardsalt.com.au/archives/525/comment-page-1#comment-26</link>
		<dc:creator>James</dc:creator>
		<pubDate>Mon, 15 Jun 2009 07:08:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.bernardsalt.com.au/?p=525#comment-26</guid>
		<description>It's not surprise at all this is happening. It's been on the cards since the late 1970s really.

I suspect by the time I come to put my feet up, the retirement age will be 80.</description>
		<content:encoded><![CDATA[<p>It&#8217;s not surprise at all this is happening. It&#8217;s been on the cards since the late 1970s really.</p>
<p>I suspect by the time I come to put my feet up, the retirement age will be 80.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Basso</title>
		<link>http://www.bernardsalt.com.au/archives/525/comment-page-1#comment-24</link>
		<dc:creator>Basso</dc:creator>
		<pubDate>Wed, 03 Jun 2009 10:02:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.bernardsalt.com.au/?p=525#comment-24</guid>
		<description>Just one small comment.

The difference in the notice period given by the UK government compared to the Australia government.

The UK gave 20 years notice - Australia about 9 years.

The difference this makes in planning for a fruit full retirement is in the UK people at 45 years of age could plan for the age increase. I am 56 and this has been sprung on me. If I need the pension or more importantly its associated health or pharmacutical benefits they are now further away than when I turn 65.</description>
		<content:encoded><![CDATA[<p>Just one small comment.</p>
<p>The difference in the notice period given by the UK government compared to the Australia government.</p>
<p>The UK gave 20 years notice - Australia about 9 years.</p>
<p>The difference this makes in planning for a fruit full retirement is in the UK people at 45 years of age could plan for the age increase. I am 56 and this has been sprung on me. If I need the pension or more importantly its associated health or pharmacutical benefits they are now further away than when I turn 65.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Bruce</title>
		<link>http://www.bernardsalt.com.au/archives/525/comment-page-1#comment-23</link>
		<dc:creator>Bruce</dc:creator>
		<pubDate>Mon, 01 Jun 2009 10:10:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.bernardsalt.com.au/?p=525#comment-23</guid>
		<description>Life expectancy and financial self sufficiency depend on what socio-economic status people have experinced during working like and what chronic disabilities they have collected along the way. A great book on the subject is Status Syndrome by Sir Michael Marmot. A unidimensional view of retirement age is unhelpful to people in the lower half of this distribution. If the government was really in touch with the dispersed nature of the polulation's welfare they would have come to this issue with an integrated model of disbility support, older age employment incentives, asset taxes and voluntary work tax bonuses etc. Instead they have grabbed a single statistic to get a "being tough" headline to go with their debt blowout budget. The people most disadvantaged by a unliateral move in age pension age are single women, 50% of whom have suffered divorce and financial fragmentation during their working life and face a desolate life from 55 on packing shelves at Wollies. And all this while the public servants who scheme these ideas polish their #100bn tax  payer funded Future Fund which guarntees their gold plated pensions.</description>
		<content:encoded><![CDATA[<p>Life expectancy and financial self sufficiency depend on what socio-economic status people have experinced during working like and what chronic disabilities they have collected along the way. A great book on the subject is Status Syndrome by Sir Michael Marmot. A unidimensional view of retirement age is unhelpful to people in the lower half of this distribution. If the government was really in touch with the dispersed nature of the polulation&#8217;s welfare they would have come to this issue with an integrated model of disbility support, older age employment incentives, asset taxes and voluntary work tax bonuses etc. Instead they have grabbed a single statistic to get a &#8220;being tough&#8221; headline to go with their debt blowout budget. The people most disadvantaged by a unliateral move in age pension age are single women, 50% of whom have suffered divorce and financial fragmentation during their working life and face a desolate life from 55 on packing shelves at Wollies. And all this while the public servants who scheme these ideas polish their #100bn tax  payer funded Future Fund which guarntees their gold plated pensions.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Russ Grayson</title>
		<link>http://www.bernardsalt.com.au/archives/525/comment-page-1#comment-22</link>
		<dc:creator>Russ Grayson</dc:creator>
		<pubDate>Mon, 01 Jun 2009 03:51:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.bernardsalt.com.au/?p=525#comment-22</guid>
		<description>While the government's motivating in extending the retirement age is understandable, the reality for those not in employment when they reach the proposed age is difficult. 

First, gaining employment when you are over 60 years of age is... and let's just understate it here... it's difficult. Are these people expected to tramp the streets seeking work that few, perhaps that no employer is ready to offer them?

Second, many in this age group would be reluctant to take on some of the mundane work that might be offered. They have already done the dead-end, boring jobs in their youth. That's were such work to be  available - after all, it is already done by young people and migrants trying to get a start in the country - and who is going to hire older people to do work done faster by these other demographics?

My third point is that many in the proposed age group already continue to work in socially beneficial areas. That is, by assisting - through their skills and life experience - organisations in the community sector. They might have left the paid workforce but have not left the workforce per se.

An extended working life would remove them from this voluntary community sector. This would be to its disadvantage and to the disadvantage of the clients  that sector serves. Presumably, such a consequence is invisible to government decision makers with their monocular and narrow economistic vision. Such a possibility should be factored by the government into its decision making.

Fourth point - people over 60 are, as a rule, not as agile or able as younger people. Some are undergoing continual medical treatment. Anyone with just a little experience in  business will recognise the plain truth that this will lead to their further discrimination in employment. In turn, this would likely further the resentment already felt by those job seekers of that age who already find it almost impossible to obtain dignified work.

This is the problem when governments, through the silo thinking of their public service advisors (who have more or less guaranteed employment until retirement) make decisions without understanding the systems nature of the issues. Pensions and the retirement age is not simply an economics question, it is to do with sociology and personal health and fitness.</description>
		<content:encoded><![CDATA[<p>While the government&#8217;s motivating in extending the retirement age is understandable, the reality for those not in employment when they reach the proposed age is difficult. </p>
<p>First, gaining employment when you are over 60 years of age is&#8230; and let&#8217;s just understate it here&#8230; it&#8217;s difficult. Are these people expected to tramp the streets seeking work that few, perhaps that no employer is ready to offer them?</p>
<p>Second, many in this age group would be reluctant to take on some of the mundane work that might be offered. They have already done the dead-end, boring jobs in their youth. That&#8217;s were such work to be  available - after all, it is already done by young people and migrants trying to get a start in the country - and who is going to hire older people to do work done faster by these other demographics?</p>
<p>My third point is that many in the proposed age group already continue to work in socially beneficial areas. That is, by assisting - through their skills and life experience - organisations in the community sector. They might have left the paid workforce but have not left the workforce per se.</p>
<p>An extended working life would remove them from this voluntary community sector. This would be to its disadvantage and to the disadvantage of the clients  that sector serves. Presumably, such a consequence is invisible to government decision makers with their monocular and narrow economistic vision. Such a possibility should be factored by the government into its decision making.</p>
<p>Fourth point - people over 60 are, as a rule, not as agile or able as younger people. Some are undergoing continual medical treatment. Anyone with just a little experience in  business will recognise the plain truth that this will lead to their further discrimination in employment. In turn, this would likely further the resentment already felt by those job seekers of that age who already find it almost impossible to obtain dignified work.</p>
<p>This is the problem when governments, through the silo thinking of their public service advisors (who have more or less guaranteed employment until retirement) make decisions without understanding the systems nature of the issues. Pensions and the retirement age is not simply an economics question, it is to do with sociology and personal health and fitness.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Matt</title>
		<link>http://www.bernardsalt.com.au/archives/525/comment-page-1#comment-21</link>
		<dc:creator>Matt</dc:creator>
		<pubDate>Mon, 01 Jun 2009 03:47:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.bernardsalt.com.au/?p=525#comment-21</guid>
		<description>Bernard,

While I agree that with Australia's ageing population it makes policy sense to push out the retirement age by a couple of years, the biggest issue will be the lack of opportunities available to older Australians.  Typically business does not value the individual or collective experience of older people and in fact frequently pushes out older employees, replacing them with younger, supposedly more 'energetic' staff.  

While this attitude may change as the country's demographics change, more needs to be done, as you point out, to provide worthwhile employment opportunities for older workers.  Unless the government leads this attitudinal and behavioural change with policy and programme support, their recent policy announcement extending the pension age to 67 will be a disaster for many Australians.</description>
		<content:encoded><![CDATA[<p>Bernard,</p>
<p>While I agree that with Australia&#8217;s ageing population it makes policy sense to push out the retirement age by a couple of years, the biggest issue will be the lack of opportunities available to older Australians.  Typically business does not value the individual or collective experience of older people and in fact frequently pushes out older employees, replacing them with younger, supposedly more &#8216;energetic&#8217; staff.  </p>
<p>While this attitude may change as the country&#8217;s demographics change, more needs to be done, as you point out, to provide worthwhile employment opportunities for older workers.  Unless the government leads this attitudinal and behavioural change with policy and programme support, their recent policy announcement extending the pension age to 67 will be a disaster for many Australians.</p>
]]></content:encoded>
	</item>
</channel>
</rss>