Thread: Pension Age may move to 70

I thought it might be, but it's been leaked to Newscorpse by the LNP, so it's gonna happen.

Originally Posted by incisor

what i despise is the "they have blown it" attitude

you not read what the banks and financial sector did to those that busted their guts all their lives and then had it stolen by corrupt bankers and financial advisers..

how many ex bankers living off those profits pickles old mate...?

Millions of people around the world lost money out of there super or pention funds . The hard part is not many were held accountable ,and very few were even prosecuted , and there is no guarantee that It will not happen again sometime down the track !!..

Originally Posted by garrycol

I bet Barry O'Farrell is wishing he had not cancelled all those similar perks for ex NSW Premiers.

Cheers

Garry

According to Tuesday's SMH Newspaper Barry is going to get a $160,000-- per Annum pension for the rest of his life [if he does not take it in a lump sum]

And he will not have to wait till he is 70 to get it. He gets it as soon as he retires from Parliament. And He still keeps this pension even if he works earning a high income.

Unfortunately that it is correct, they have voted themselves that conditions and people are happy about it other way we should see massive protests in all the States.
The majority of the electorate are prepared to accept it, further more many said that if the politicians do not have the salaries and conditions we will have incapable people running the country.

Originally Posted by Chucaro

Unfortunately that it is correct, they have voted themselves that conditions and people are happy about it other way we should see massive protests in all the States.
The majority of the electorate are prepared to accept it, further more many said that if the politicians do not have the salaries and conditions we will have incapable people running the country.

That,................ we have already got. Cheers.

It's all good chaps. Surely as part of 'everyone sharing the burden' we can stop paying a certain category of worker a pension of 70% of their annual wage that is not means tested and starts at age 55.

Otherwise everyone isn't sharing the burden, right?

Originally Posted by JohnF

According to Tuesday's SMH Newspaper Barry is going to get a $160,000-- per Annum pension for the rest of his life [if he does not take it in a lump sum]

And he will not have to wait till he is 70 to get it. He gets it as soon as he retires from Parliament. And He still keeps this pension even if he works earning a high income.

That is his paid under his superannuation plan (irrespective whether you think it is fair or not) not an old age benifit.

Don't confuse "pensions" provided as part of a super plan with the old age pension.

Garry

Originally Posted by akelly

It's all good chaps. Surely as part of 'everyone sharing the burden' we can stop paying a certain category of worker a pension of 70% of their annual wage that is not means tested and starts at age 55.

Otherwise everyone isn't sharing the burden, right?

As I said above there is a difference between a superannuation payout which is generally not accessible until 55 or later (there are exceptions) and the old age pension which is currently not accessible until 65.

Thems are not comparing apples and apples - more like apples with oranges.

Garry