The Prime Minister says indications from Labour today that it's looking at cutting the pension for those who continue to work after 65 are unfortunate.

John Key says around 30 percent of those who're drawing the pension are working and he says they're entitled to the benefit.

"For a lot of them, the lowest incomed New Zealanders with the least amount of savings, the combination of some work - maybe part time or in some cases full time - and their pensions gives them a much nicer lifestyle than retirement."