Pensions: adequate and sustainable

I am 63 years old. During my lifetime I have accrued considerable experience. I am healthy and believe I have much to contribute. Yet the current pensions system disincentivises me from continuing to work beyond the statutory retirement age.
The White Paper states that persons who exceed the retirement age should not be marginalised from the labour market. Rather, people who wish to continue to work should be encouraged to do so, subject, however, to employment being offered by an employer.

In this regard, the White Paper recommends that persons should be allowed to continue working without limiting their income and at the same time earning the full two-thirds pension (and the second pillar pension).

The White Paper, however, recommends that a person who continues to work beyond the statutory retirement age should continue to pay the full social security contribution, which will not be accredited to the person's pension. The White Paper bases this conclusion on the premise that as a person gets older there is a greater possibility that the individual will make more use of the public health system. Thus the payment of the contribution while working beyond the statutory retirement age would constitute a contribution to the public health system.

I am 35 years old. I would not like to work till I am 65 years old. Will I be able to retire earlier?
The White Paper states that early retirement schemes should be discouraged. While the White Paper does not go into great detail it does refer to allowing people to take gradual retirement between the current retirement age and the proposed statutory retirement age.

The White Paper, however, concludes that such retirement should be discouraged and a person should receive a lower pension if he or she opts to retire at 61 instead of 65 years.

The decision therefore is the individual's - one should bear in mind that if he or she wishes to retire between 61 and 64 years of age, this will be at the cost of a reduced pension.

I am currently a pensioner. How will the reforms affect me?
The White Paper recommends that current pensioners or individuals who reach retirement age prior to the introduction of the reforms would not be affected by the said reforms.