It is reasonable and appropriate to expectation to retire comfortably, and have access to reliable and high quality care, through-out our lives, and once we have retired. It is in the best interests of Australian’s now, and into the future, that the Australian Government delivers on this expectation, and achieved it through the implementation and management of smart, #futureproofing fiscal policy.
Is it not in the best interests of the future of Australia, that ALL Australians have EQUAL access to the SAME pension entitlements, regardless of their past careers?
We’d like to ask you!
Future Australia pledges to research this issue thoroughly, publish simple & clear infographic(s) to inform Australians to explain the key elements of the ‘problem’ as well as the various ‘positions’ and ‘solutions’ available. Once you have the data – we’ll ask you what YOU think we should vote for in parliament.
That’s our pledge.
Research > Publish & Inform > Vote
…. we are a new (& seriously under-funded) movement. We’d love to have a team of researchers getting this data together for you right now… but alas, we’re not big enough to pay people yet! So bare with us, below we have outlined the facts available to us right now! Watch this space!
- According to the latest available figures, poverty rates of people aged over 65 were very high in Korea (50%), Australia (34%), and Mexico (27%). In contrast, the Netherlands and the Czech Republic have the lowest poverty rates: 2% and 3% respectively. (Source)
- Currently, when MP’s retire, they are paid a minimum of $118,125 – or 75 per cent of a current MPs base salary for superannuation purposes of $157,500. (Source)
- Former Australian politicians don’t have to worry about how low the pension is for average taxpayers, despite the fact that taxpayers pay more than $40 million a year to cover the cost of theirs. (Source)
- Malcolm Turnbull is proposing to increase the pension age to 70 – meaning that Australia will have oldest pension age in the developed world. (Source)
- The current eligibility age is 65 years, and will gradually increase to 67 years between July 2017 and July 2023. But what happens after then is up for debate. (Source)
Parliamentary remuneration and entitlements: 2016 update (Source)
Changes to the pension asset test will ripple through the economy (Source)