Opposition to raising the pension age w/ Susan St John: 13th May, 2026

A policy area looking to become a feature of this year's election is the Superannuation income allowance for those over 65.

Although often considered an insured privilege paid across one's life, Superannuation is paid out of the yearly budget and is by far the largest benefit in New Zealand.

Historically, it's been a thorny topic for any legislator, but as people live for longer and longer, and the age of eligibility for superannuation remains the same, the cost of the policy is increasing. A recent OECD autopsy of the New Zealand economy says this is becoming unsustainable, and the National Party says they agree and will campaign in this election to raise the age. 

Host Manny spoke to Honorary Associate Professor working in the Pensions and Intergenerational Equity Hub at the Economics Policy Centre, Susan St John, about why she opposes raising the age of retirement and what alternatives she prefers.