Thursday, December 18th0.2°C
24563
23791

Australia's plan to raise pension age to 70 criticized as unfair for workers in tough jobs

CANBERRA, Australia - 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.

The Canadian Press


Read more Business News

24175


Recent Trending




Today's Market
S&P TSX14213.88+352.36
S&P CDNX659.00+16.65
DJIA17356.87288.00
Nasdaq4644.312+96.477
S&P 5002012.89+40.15
CDN Dollar0.8617+0.0029
Gold1203.70+9.3999
Oil58.15+1.68
Lumber337.20+3.00
Natural Gas3.755+0.053

 
Okanagan Companies
Pacific Safety0.125+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.27+0.04
Cantex0.03-0.005
Anavex Life Sciences0.1659-0.0241
Metalex Ventures0.05-0.005
Russel Metals27.18+1.03
Copper Mountain Mining1.54+0.11
Colorado Resources0.105-0.005
ReliaBrand Inc0.0199+0.0065
Sunrise Resources Ltd0.055+0.005
Mission Ready Services0.22+0.02

 
23744


24304

FEATURED Property
21475383028 Quail Crescent
3 bedrooms 3 baths
$549,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Parenthood: Estates, insurance & taxes

It is now even more important to ensure your loved ones are well looked if anything should happen to you. Here are a few topics to consider helping you prepare for some of the unexpected events that c...


Managing your sales team

Managing a sales team can be quite a challenge. Harnessing individual personality preferences and getting everyone focused on the same goals, moving at the same pace, and working in collaboration to d...


Working under the table

They say there are only two things that are certain in life: death and taxes. Not exactly an uplifting thought, but true nonetheless. Some people try to avoid paying tax by “working under the ta...

_



24437

24476


Member of BC Press Council


23860