Thread: Pension Age may move to 70

Originally Posted by JohnF

For example Howard got a pension of Two million dollars a year when he retired.

I would not have thought so - but I don't know - do you have the reference for that.

garry

Possible he is confused with this that it is different:

Former Prime Ministers costing us millions

That link indicates ex PM's pension is about $250,000 per year - that is a hell of a lot different to John's $2m.

Originally Posted by garrycol

That link indicates ex PM's pension is about $250,000 per year - that is a hell of a lot different to John's $2m.

However an ex-PM's pension can not be compared like apples and apples. The pension for a PM includes a permanent staffed office, first class airline travel, limosines and other expenses these benefits have to be added to the indexed pension before you can compare them to joe average citizen.

The result is that Howard's "pension" was not $2M but something over half that ($1.107Million).

How many other superannuants get an index linked annuity like that?

Originally Posted by Lotz-A-Landies

However an ex-PM's pension can not be compared like apples and apples. The pension for a PM includes a permanent staffed office, first class airline travel, limosines and other expenses these benefits have to be added to the indexed pension before you can compare them to joe average citizen.

The result is that Howard's "pension" was not $2M but something over half that ($1.107Million).

How many other superannuants get an index linked annuity like that?

Also we have to add that they can have a "job" (ambassador one among them) and the income will not affect their "modest" pension.
There are several of them in that situation

Originally Posted by Chucaro

Also we have to add that they can have a "job" (ambassador one among them) and the income will not affect their "modest" pension.
There are several of them in that situation

Most of them are on the lecture circuit, they get to be on company boards even Cricket Australia and none of that effects the benefits they get from their parliamentary super. However if most pensioners earned even a fraction of that income we would lose what pension support we get.

Oh yes, but no doubt they'll all be lining up to take a cut so we can sort out this 'BUDGET ****ING EMERGENCY', right?

Originally Posted by Lotz-A-Landies

The pension for a PM includes a permanent staffed office, first class airline travel, limosines and other expenses

For sure there are these extra entitlements but they are not part of their pension.