When can a 56-year-old man in Australia get his retirement salary?

Australia is known as a "lucky country" and a "paradise for the elderly", and its retirees have always been known for enjoying a high-quality life with high welfare. However, with the increase of retirement age, Australians need to work longer hours to enjoy this "paradise life".

20 14 in may, the Australian government announced that it would gradually raise the retirement age: by 2035, the retirement age will be raised from the current 65 to 70, making Australia the country with the highest retirement age in the world.

Although there are many reasons for the Australian government to significantly postpone the retirement age, in the final analysis, it is still a helpless move to deal with aging. The serious aging makes Australia's pension system face enormous financial pressure. Compared with measures such as substantially increasing the pension tax rate or lowering the pension payment standard, delaying the retirement age is a relatively acceptable choice for the people.