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Post by Deleted on Jun 4, 2017 14:04:45 GMT 7
Forcing Australians to work until they are 70 will save the government $3.6 BILLION - but politicians will still get their pensions at age 60By Hannah Moore For Daily Mail Australia 23:26 03 Jun 2017, updated 23:33 03 Jun 2017 The Government are continuing measures to increase the pension age to 70 Six month increases will begin on July 1, and the age will hit 70 by 2029 Social Services Minister Christian Porter says it'll make the pension 'sustainable' There has been no announced increase for politicians, who can retire at 60 Under measures announced in the 2017 Federal Budget, the pension age is set to rise to 70 by 2029. The age will move up in six month increments from 2025, and is expected to save the Government $3.6billion. This measure was first announced in the 2014 Budget under Tony Abbott, and was confirmed to be ongoing in May's Budget, the Daily Telegraph reported. But while Australians will have to keep their working boots on for longer, politicians are still eligible to pick up their pensions from the age of 60. Increases to the Age Pension eligibility age begin on July 1 2017, where those born on or after July 1 1952 will need to be aged 65 years and six months to be eligible. It will increase by six months every two years until July 2023 when the retirement age will be 67, according to the Department of Social Services general manager Hank Jorjen. From there, it is expected to climb every six months from 2025 to 2029, until it reaches 70. Social Services Minister Christian Porter said the changes are necessary to protect the 'sustainability' of the pension system. It remains government policy to increase the age pension age to 70,' he told the Telegraph. 'This is a sensible move to ensure that our pension system is sustainable for future generations.' If the measure goes ahead, it will give Australia the highest pension age in the developed world, reported The Conversation in February. Jenny Macklin, shadow minister for families and social services, said the proposed changes were not viable. www.dailymail.co.uk/news/article-4569762/amp/Australian-pension-eligibility-age-rise-70-2029.html
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Post by latindancer on Jun 4, 2017 14:50:28 GMT 7
Ooh, this makes me mad !
One rule for us, and another for politicians.
Time we all took back our power and put them in the position they should be in : as our public servants, and subject to exactly the same rules as we are.
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Post by Deleted on Jun 4, 2017 15:09:15 GMT 7
Yes indeed latindancer if we can remember that every politician is an elected representative who has legally sworn an oath, or made an affirmation, to uphold the Commonwealth Constitution of Australia AND to serve the people why can't they? Unfortunately the only way to really hold them to account is through the courts because the ballot box is a toothless tiger. When they breach their legal oath, then they are in contempt of the constitution AND the Australian people. And if you can prove that in court through your various legal letters, notices and documentation, then the court has no choice but to find the guilty pollie guilty! To make that happen though a group action is probably required and if I were to say much more, in the current climate it'd probably be construed as verging on sedition. They though must surely be close to committing treason. Cheers bear Read more: dspoverseas.proboards.com/thread/722/centrelink-gets-sued?page=1#ixzz4itXUnB5K
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Post by Banjo on Jun 4, 2017 15:13:25 GMT 7
Might take the edge off it a little if they MADE them retire at 60.
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Post by Deleted on Jun 4, 2017 15:19:15 GMT 7
Might take the edge off it a little if they MADE them retire at 60. Ummm......Might take the edge off it a little if they MADE them retire at 70.
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Post by krystal on Jun 4, 2017 23:40:26 GMT 7
Politicians can retire at 60 and "A retiring allowance is paid as a percentage of the minimum annual allowance payable at the time of retirement, currently $185 000 per annum." Plus a years of service bonus.Less than 8 years = $185,000 8 years = 185,000 plus 50% = $277,000 per annum scaling upwards until over 18 years = 185,000 plus 75% = $323,700 per annum Of course then if you were a Minister or Office-holder, you receive a second pension - "the first may be gained by virtue of being an eligible Senator or Member in the manner described above, the second accrues by way of being a Minister, or holding a parliamentary office such as chair of a committee. " "The additional retiring allowance is expressed as a percentage of the additional salary paid." www.aph.gov.au/about_parliament/parliamentary_departments/parliamentary_library/pubs/bn/1011/superannuationbenefitsOn leaving the get a cushy "job for the boys" and work at this job while still claiming the government pension. The double standard is they can work and receive an income for 10 years while claiming two sets of pensions and they don't have to inform Centrelink every fortnight what their income is and have their pension decreased by 0.60c in the dollar over a certain amount.
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Post by Deleted on Jun 5, 2017 4:15:27 GMT 7
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Post by Deleted on Jun 5, 2017 11:23:48 GMT 7
Increasing age pension to 67 was Labor policy – News Corp stories wrong4 June 2017 News Corp stories this morning claiming that it was a Coalition Government decision to increase the age at which people can access the age pension from 65 to 67 are wrong. It was Labor that announced the increase to 67 in the 2009 Budget: ministers.treasury.gov.au/DisplayDocs.aspx?doc=pressreleases/2009/056.htm&pageID=003&min=wms&Year=&DocType=0In that announcement, the then Treasurer, Wayne Swan and Minister, Jenny Macklin, said: ‘“Increasing the age pension age is a responsible reform to meet the challenge of an ageing population and the economic impact it will have for all Australians” The National Commission of Audit found that, without policy change, the cost to taxpayers of the age pension would rise from $39.5 billion in 2013-14 to $72.3 billion in 2023-24. By 2054-55, the number of Australians aged over 65 will more than double to 8.9 million, representing about one-fifth of the expected total population, placing enormous strain on the age pension system. Clearly, sensible, measured reform is needed to ensure a sustainable age pension system that provides a safety net for those that require it. Labor increased the age pension age by two years over a period of six years. Subject to legislation, we are proposing to progressively increase the age pension age over a much longer period than Labor did, from 67 to 70 years, over 10 years from 2025 to 2035. This means no one born before 1 January 1966 would be affected by the change.These are sensible measures that reflect increases in life expectancy. People who are unable to work at any age continue to be supported under our targeted welfare safety net. Newstart Allowance assists those who are unable to secure work, and the Disability Support Pension (paid at the same rate as age pension) is available to those who can not work and who have a disability. Our proposed changes to age pension have no impact on the preservation age at which people can access their superannuation, which is between 55 and 60, depending on when you were born. christianporter.dss.gov.au/media-releases/increasing-age-pension-to-67-was-labor-policy-news-corp-stories-wrongYeah right.... except for the ones born after 1July 1952 to 1 July 1958.
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Post by Denis-NFA on Jun 5, 2017 11:30:58 GMT 7
I think there should be term limits to 12 years.
2 terms of 6 years in the Senate and 4 terms of 3 years in the Reps.
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Post by Deleted on Jun 5, 2017 13:13:36 GMT 7
I think there should be term limits to 12 years. 2 terms of 6 years in the Senate and 4 terms of 3 years in the Reps. And no retirement plan! Just the super paid in.
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Post by latindancer on Jun 6, 2017 16:53:36 GMT 7
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Post by krystal on Jun 9, 2017 15:26:28 GMT 7
Just had another look at retirement ages for Politicians:
Born before 1 July 1960 = 55
1 July 1960 - 30 June 1961 = 56
1 July 1961 - 30 June 1962 = 57 1 July 1962 - 30 June 1963 = 58
1 July 1963 - 30 June 1964 = 59 after 30 June 1964 = 60
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Post by Deleted on Jun 10, 2017 4:45:16 GMT 7
Just had another look at retirement ages for Politicians: Born before 1 July 1960 = 55 1 July 1960 - 30 June 1961 = 56 1 July 1961 - 30 June 1962 = 57 1 July 1962 - 30 June 1963 = 58 1 July 1963 - 30 June 1964 = 59 after 30 June 1964 = 60 So they kept the invalid pension for themselves if they retire with a disability! Easy peesy! The medical certificate must include a statement setting out the medical practitioner's opinion about the percentage of the person's incapacity in relation to non-parliamentary employment. Talk about Double Standards, cheers bear Retirement for Reasons of Ill-health.
A retiring parliamentarian who has not qualified for a retiring allowance under the Act may gain entitlement if their retirement is caused by ill-health. The retiring parliamentarian can write to the Trust and ask for a determination to be made on invalidity retirement. Section 15A of the Act requires the parliamentarian to provide a medical certificate and any other documentation the Trust requires. The medical certificate must include a statement setting out the medical practitioner's opinion about the percentage of the person's incapacity in relation to non-parliamentary employment. To issue a determination, the Trust must be satisfied that the member is unlikely ever to be able to again perform the duties of a parliamentarian because of physical or mental impairment. The determination on invalidity must specify the nature of these impairments. The Trust must also classify the member's invalidity in terms of the percentage of the person's incapacity in relation to non-parliamentary employment. Classifications and associated benefits are as follows: Invalidity Classification Sect 15B of the Act . Percentage of Incapacity in relation to non-parliamentary employment : 60% or more, Class 1 invalid with Retiring allowance of 50% of annual allowance. 30% or more, but less than 60% , Class 2 invalid with Retiring Allowance of 30% of annual allowance. Less than 30%, Class 3 invalid with Lump sum. The greater of the following: Refund of his or her contributions together with a payment of the Commonwealth Supplement, the superannuation guarantee safety-net amount. The annual allowance is currently $185 000. www.aph.gov.au/about_parliament/parliamentary_departments/parliamentary_library/pubs/bn/1011/superannuationbenefits#_Toc274224144
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Post by nomadic on Jun 10, 2017 6:26:57 GMT 7
this means they all qualify because they all suffer from mental problems.called insanity ggggrrrrooowwwlllll.
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Post by latindancer on Jun 10, 2017 17:28:37 GMT 7
^^ So if they feel like doing something else or having a holiday for the rest of their lives, they get a minimum of $185,000 per year ?
And we, the public, pay for it ??
I think its high time the tables were turned. And they can be....
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