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Review of Retirement Income Policies 2019

Business Central and Wellington Chamber of Commerce Submission

Issue date

Current employment data reported by the Commission for Financial Capability ('CFFC') shows that 23.7% of New Zealand's over-65 population is already in the workforce. This figure already represents one of the highest rates of labour force participation by over 65s in the OECD, and the CFFC forecasts it will steadily rise over the coming decades. New Zealand's retirement income policy needs to adapt to reflect our changing labour force demographics with many older people, either by choice or necessity, remaining in employment beyond the age of 65.

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