New Zealand's treading water, with a warning our increasingly overloaded pension system isn't sustainable.

The latest OECD snapshot of our economy suggests unless we adjust systems, including the costs of health, long-term care and pension will increase by about five percent of GDP by 2060.

It says it could be countered by changes including upping Superannuation contributions. 

Economist Cameron Bagrie says we can't keep kicking the can down the road - and that we need to address entitlements, through lifting the retirement age or means testing. 

LISTEN ABOVE

New Zealand's treading water, with a warning our increasingly overloaded pension system isn't sustainable.
The latest OECD snapshot of our economy suggests unless we adjust systems, including the costs of health, long-term care and pension will increase by about five percent of GDP by 2060.
It says it could be countered by changes including upping Superannuation contributions.&nbsp;
Economist Cameron Bagrie says we can't keep kicking the can down the road - and that we need to address entitlements, through lifting the retirement age or means testing.&nbsp;
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Cameron Bagrie: independent economist issues warning over nation's overloaded pension system

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7640484a-9629-4bbf-b501-b44300646061/transcript