Australia plans to push retirement age to 70


SYDNEY: The Australian government said Friday that it wants to lift the pension entitlement age to 70 - the highest in the developed world - by the year 2035 to help cope with an ageing population.

Treasurer Joe Hockey said the previous Labor government planned to raise the age from 65 to 67 in 2023 and the new administration of conservative Prime Minister Tony Abbott wanted to take it further by 2035.

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