ABS data confirms later retirement intentions
The Australian Bureau of Statistics (ABS) has produced more data confirming the degree to which Australians are choosing to delay their retirements or to phase-down their working hours ahead of retirement.
The ABS this week produced the 2014—15 Multipurpose Household Survey (MPHS) for employed persons which served to confirm earlier data about Australians and their retirement intentions, including that those who intend to retire, 69 per cent are currently working full-time.
It said that, of these, 37 per cent intended to move into part-time work before retiring from the labour force, and 30 per cent intended to continue with full-time work until retiring.
It said that of the 887,100 persons who intended to continue with full-time work until retirement, 72 per cent intended to remain with their current employer and had no further plans to phase in retirement, while a further 12 per cent intended to remain with their current employer but with less demanding duties.
The data showed the average age at which persons intended to retire was 65.1 years (65.7 years for men and 64.5 years for women).
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