Almost one in five Australians over 45 years of age who intend to retire, plan to retire from the labors force at 70 years and older, according to a survey conducted by the Australian .
Prior to the rescinding of imperative retirement ages in most States in the early 1990s, the traditional ages of imperative retirement and qualification for the old age pension in Australia were age 65 for men and age 60 for women. According to a survey by Australian Institute of Family Studies shows, 60 and 64. Thus, just over half of the men in the study retired near or at the traditional compulsory age of retirement.