National MP Calls for Pension Age to Rise to 68 by 2029

Departing National MP Andrew Bayly has proposed that New Zealand should start increasing the pension age to 68 beginning in 2029. He argues that further delays in this adjustment will lead to more significant challenges in the future.

Bayly expressed concerns that postponing the increase could result in a more painful transition for future retirees. He believes early action will help manage the financial implications of an ageing population. The former MP highlighted that the current approach to the pension age is unsustainable as life expectancy continues to rise.

Originally reported by RNZ New Zealand Headlines.