National Seniors Australia (NSA) claims that Australia’s aged pension system discourages older Australians from working, thereby contributes to labour shortages:
National Seniors chief advocate Ian Henschke said something was wrong in Australia’s pension system design when only 14.2 per cent of Australians aged 65 and over were in the workforce compared to one in four in New Zealand.
Especially at a time when there were looming critical workforce shortages, such as in the care economy, services sector, construction and agriculture, he said.
