THE federal opposition has accused the Abbott government of breaking an election promise to pensioners amid reports it will push ahead with plans to lift the retirement age to 70.
In the lead-up to May's budget there has been ongoing speculation the eligibility age for the pension will be increased from 67.
The new retirement age could come into effect from 2029, and the federal government is also considering changes to pension indexation rates, The Australian reported on Saturday.
The changed pension age would affect every worker born since 1959, the paper said.
Labor families spokeswoman Jenny Macklin said pensioners had a right to be furious.
"No amount of weasel words can change the fact that the prime minister is planning to break the solemn promise he made to Australian pensioners on the eve of the election," she said in a statement.
Parliamentary secretary Simon Birmingham said it was reasonable for the government to look at the long term structure of the budget and ballooning costs, but he declined to confirm the report.
Any changes would be over the long term, he said.
"You can't just, if you're being sensible about it, say we're going to up pension age ... in the next couple of years and disrupt everybody's retirement plans," he told Sky News.
"You have to make decisions today that are about 20 or 30 years hence."
Labor MP Matt Thistlethwaite said it was unfair for blue collar workers.
"The brickie's labourer, the plumber, the carpenter, how are they going to physically be able to work until 70 years of age?" he told Sky News.
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