New Zealanders are staying in paid work longer in an effort to transition into retirement, according to a new study.

The average age Kiwi’s are choosing to retire has risen to 67 from 61, since the mandatory retirement age was eliminated in 2000.

Co-director of the Retirement Policy and Research Centre Michael Littlewood tells Jack Tame that New Zealand’s state pension is generous, but not enough to live on for some. But, the real reason people choose to transition from full-time work to full-time retirement is not known.

LISTEN ABOVE

New Zealanders are staying in paid work longer in an effort to transition into retirement, according to a new study. 
The average age Kiwi’s are choosing to retire has risen to 67 from 61, since the mandatory retirement age was eliminated in 2000. 
Co-director of the Retirement Policy and Research Centre Michael Littlewood tells Jack Tame that New Zealand’s state pension is generous, but not enough to live on for some. But, the real reason people choose to transition from full-time work to full-time retirement is not known. 
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.

Advertisement