Pension age for persons other than veterans
5QB Pension age for persons other than veterans
This section deals with the pension age for persons other than veterans.
Men
A man born during the period specified in column 2 of an item in the following table reaches pension age when he turns the age specified in column 3 of that item.
Table—Pension age for men | ||
|---|---|---|
Column 1 Item | Column 2 Period during which man was born | Column 3 Pension age |
1 | On or before 30 June 1952 | 65 years |
2 | 1 July 1952 to 31 December 1953 | 65 years and 6 months |
3 | 1 January 1954 to 30 June 1955 | 66 years |
4 | 1 July 1955 to 31 December 1956 | 66 years and 6 months |
5 | On or after 1 January 1957 | 67 years |
Women
A woman born before 1 July 1935 reaches pension age when she turns 60 years.
A woman born within the period specified in column 2 of an item in the following Table reaches pension age when she turns the age specified in column 3 of that item.
Table | ||
|---|---|---|
Column 1 Item no. | Column 2 Period within which woman was born (both dates inclusive) | Column 3 Pension age |
1. | From 1 July 1935 to 31 December 1936 | 60 years and 6 months |
2. | From 1 January 1937 to 30 June 1938 | 61 years |
3. | From 1 July 1938 to 31 December 1939 | 61 years and 6 months |
4. | From 1 January 1940 to 30 June 1941 | 62 years |
5. | From 1 July 1941 to 31 December 1942 | 62 years and 6 months |
6. | From 1 January 1943 to 30 June 1944 | 63 years |
7. | From 1 July 1944 to 31 December 1945 | 63 years and 6 months |
8. | From 1 January 1946 to 30 June 1947 | 64 years |
9. | From 1 July 1947 to 31 December 1948 | 64 years and 6 months |
A woman born during the period specified in column 2 of an item in the following table reaches pension age when she turns the age specified in column 3 of that item.
Table—Pension age for women | ||
|---|---|---|
Column 1 Item | Column 2 Period during which woman was born | Column 3 Pension age |
1 | 1 January 1949 to 30 June 1952 | 65 years |
2 | 1 July 1952 to 31 December 1953 | 65 years and 6 months |
3 | 1 January 1954 to 30 June 1955 | 66 years |
4 | 1 July 1955 to 31 December 1956 | 66 years and 6 months |
5 | On or after 1 January 1957 | 67 years |
This Act’s bill:Second reading speech
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