Senate debates

Thursday, 25 June 2009

Social Security and Other Legislation Amendment (Pension Reform and Other 2009 Budget Measures) Bill 2009

Second Reading

4:40 pm

Photo of Nick SherryNick Sherry (Tasmania, Australian Labor Party, Assistant Treasurer) Share this | Hansard source

and responses to proposed committee amendments. At least I am on the speakers list! Since the first pension was paid in 1909, the pension age for men has been set at 65. The pension age for women is currently increasing—another tough decision taken by a former Labor government—and will reach 65 in 2013. As part of these reforms and to improve the long-term sustainability of the pension system, the qualifying age for age pension will increase for both men and women from 65 to 67 years.


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