In the past future economic loss claims were typically calculated to age 65 years, being the normally anticipated time of retirement and which coincided with the entitlement to an age pension.

As from July 2023 there will be no entitlement to an age pension until age 67 years.

The then Federal Treasurer announced in May 2014 that as from 2035 that there will be no entitlement to an age pension until the attainment of the age of 70 years.

There has been a significant increase in the number of people working beyond the age of 65 and even 70 years. This is driven by factors including insufficient superannuation benefits, divorce, the impact of the GFC and the payment of debts including mortgages.

Polemic Forensic have prepared economic loss reports prefaced upon anticipated retirement age of 75 years and more where there is evidence pertaining to the claimant’s need to continue working.