Tradies in Shepparton claim the proposed increase in the pension entitlement age will hurt them physically and financially.RIAHN SMITH May 5, 2014 3:12am
Painters Dan Stephens and Nick Lowden say they won't be able to do the physical aspects of their job at 70.
An increase to Australia’s retirement age could damage tradies’ work prospects, two Shepparton painters say.
Painters Dan Stephens and Nick Lowden said raising the pension entitlement age could put their health at risk and hit their hip pocket with retraining costs.
On Friday, Federal Treasurer Joe Hockey confirmed plans to lift the pension age from 65 to 70 as part of next week’s budget.
Mr Hockey said the increase would be introduced from 2023 and would not affect people already entitled to the pension.
Mr Lowden, 21, said doing physically demanding work was not sustainable at 70.
‘‘I’ve only been in the job for a few years, but I can already see the effect on your knees, your back,’’ he said.
‘‘How is any tradie going to be able to work at 70, even 65 is late to be working as a tradie.’’
Mr Stephens, 42, said planning for later retirement would take its toll on workers.
‘‘We’re going to have to work that much harder while we’re younger to put extra money into our super, so that we can still retire when we’re at an age we can enjoy it,’’ Mr Stephens said.
‘‘The other option is to bite the bullet and hire a younger bloke, but that’s more money coming out of your pocket and how many small businesses are able to do that?’’
‘‘Plus, when the kids are bringing the grandkids around we won’t have time to spend with them because we’ll be working.’’
Mr Stephens said while moving into education or becoming a sales representative were possible alternatives, both would come at a cost.
‘‘Unless you find the right employer who’ll pay for it, that’s just something else coming out of your pocket,’’ he said.
‘‘And even if I wanted to retrain myself, I don’t think I could do it.
‘‘To try and learn a different job when they could get someone a lot younger for half the price and train them in probably half the time, it’s going to make it really difficult for people of my generation.’’
Coca-Cola Amatil has confirmed it will be pressing on with its $100 million redevelopment of SPC Ardmona.
Beautiful weather greeted Tungamah residents for the 18th running of the Tungamah Lions Ten Thousand on Sunday.
When Keith and Marion Grumley and their growing family moved to Tatura on January 18, 1968, little did they know that it would be the start of a long and lasting connection to the town.
A snake was spotted this afternoon.
Rochester Rotary Club has celebrated its 50th birthday in style.
Sorting future of Campaspe pools
A theatre production with a difference is coming to Seymour.
Local athletes will go head-to-head with some of the best competitors from around the world in swimming and athletics in December.
District residents and visitors will be able to enjoy some of the region’s most beautiful private gardens on Sunday.
The 116th annual Cobram Show went off with a bang at the weekend, drawing in crowds from far and wide for two days of fun.
Tomorrow is a Total Fire Ban day in Deniliquin, meaning no fires can be lit in the open and all fire permits are suspended.
Fifty new full-time jobs will be created at Tatura with a multimillion-dollar expansion of the abattoirs expected to be announced today.
Remembering Australian political giant Gough Whitlam who once called on Benalla police to stop then Treasurer Frank Crean on his journey up the Hume to phone the PM.
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