St John said its research showed retirees needed around $10,000 a year on top of NZ Super to have a modest retirement. St John said well-off people would be fine with the NZ Super age at 67 but it could be crippling for others. He said that amount could be equivalent to two years of NZ Super - around $18k per year for individuals and $23k per couple. The commission has not proposed a specific age for KiwiSaver access and Boyle said there may not be a one-sized fits all approach. The proposed pension age change would not come up for a law change until after the election.

Source: New Zealand Herald March 08, 2017 15:56 UTC