PROGRESS 2050: Toward a prosperous future for all Australians
CEDA first proposed a rise in the pension age to 67 in an information paper by Dr David Knox, Pensions for Longer Life: Linking Australia's pension age with life expectancy (2007). CEDA's chief executive David Byers said the federal budget decision to increase the pension age not only reflected how the world is changing, but will boost the economy, encourage more people in the workforce and ease the tax bill that Australians will have to pay in the years ahead.
12/05/2009
Media release issued Wednesday, 13 May 2009
The decision in last night's federal budget to raise the pension age to 67 is a sensible response to long-term demographic trends, according to CEDA (the Committee for Economic Development of Australia).
CEDA first proposed a rise in the pension age to 67 in an information paper by Dr David Knox, Pensions for Longer Life: Linking Australia's pension age with life expectancy (2007).
CEDA's chief executive, David Byers said increasing the pension age not only reflected how the world is changing, but will boost the economy, encourage more people in the workforce and ease the tax bill that Australians will have to pay in the years ahead.
"CEDA welcomes this first move towards a system that responds to changing realities and alters the preconception about when you are 'too old' to work."
Report author Dr David Knox, a Worldwide Partner at Mercer, said it was very pleasing to see the government had recognised the need to increase the pension age in light of our increasing life expectancy.
"The pension age of 65 had not changed for 100 years and was no longer sustainable," he said.
"I would also advocate that the pension age needs to be reviewed on a regular basis, as suggested by the Henry Tax Review Panel; we should not wait another 100 years."
KPMG Partner in Charge Policy, Programs and Evaluation and Global Lead, Health Analytics Evan Rawstron, told a CEDA livestream panel on health and technology that 80 per cent of health executives his firm surveyed said “putting consumers at the centre of their strategy was a top priority” but that issues with data and technology were standing in the way.
We need to move past the notion of health care costs and look at them in a broader economic context, Federal Department of Health, Secretary, Martin Bowles PSM has told a CEDA audience in Sydney.
Read more Health | Ageing April 17, 2013South Australians must make some tough choices about the value of their public health spending to reduce the sector’s burden on the budget, SA Minister for Health and Ageing Jack Snelling told a CEDA Health review in Adelaide.
Read more