Recap: Govt to raise pension age to 67

The government intends progressively raising the pension age from 65 to 67 but not until 2037.

Prime Minister Bill English made the announcement this afternoon at Parliament. Look back at RNZ's live online coverage of the announcement here.

Key points

• The age of eligibility for NZ Super would increase by six months each year from 1 July 2037 until it reached 67 on 1 July 2040.
• This would mean the changes would only affect people born after June 1972.
• National will campaign on the proposal and, if it wins this year's election, would introduce the legislation next year.
• The age for the veterans' pension and the Super Gold Card would increase alongside that for NZ Super, but the age for accessing KiwiSaver funds would stay at 65.
• People who arrived in New Zealand after the legislation had passed would need to be residents for 20 years to qualify for superannuation, up from 10 years.