Pension reversal

Prime Minister Scott Morrison has abandoned a commitment to raise the retirement age to 70.

The Liberal Party has for years been trying to raise the pension age from 67, but Mr Morrison announced yesterday he would no longer pursue the change.

Scott Morrison

Scott Morrison

“Next week, cabinet will be ratifying a decision to reverse taking the pension – the retirement age – to 70. It will remain at 67,” he told the Nine Network.

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