Older New Zealanders no longer have to retire or step completely away from the workforce at 65.
Incredibly, there is no enforced retirement age in New Zealand and around one in five senior workers are continuing to work, whether that’s a couple of hours weekly, contracting, consulting, part-time and many are often engaged in full-time work.
This number is predicted to rise to one in three by 2031.
In fact, New Zealand is among the top three of OECD countries when it comes to employment rates for older workers.
Currently, one in five people aged 65-plus are in paid work, not necessarily full-time, but turning up regularly and receiving an income.
It’s predicted these numbers will increase in coming years, up to one in three.
“I like getting up and going to work, I like being part of something, I like being useful, I’ve got skills.
“You know what, I’m only 65, I’m not old. Don’t write us off.”
These were comments made by workers aged 50-plus in a recent survey by the Commission for Financial Capability, the CFFC
https://cffc.govt.nz/about/retirement-commissioner/
“If you’re going to retire at 65 and you live until 95, you haven’t earnt enough money in 40 years to pay for the 30 years.
“What blew us away [though] was that actually as important was the social connectedness and the purpose and the meaning that comes with working.
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