Australian Politics Forum - Row over pension age heats up

Taipan

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Row over pension age heats up
Apr 20^th, 2014 at 8:40am

Quote:

The federal opposition has accused the Abbott government of breaking an election promise to pensioners amid reports it will push ahead with plans to lift the retirement age to 70.

http://news.ninemsn.com.au/national/2014/04/19/13/03/row-over-pension-age-heats-...

Quote:

The new retirement age could come into effect from 2029, and the federal government is also considering changes to pension indexation rates, The Australian reported on Saturday.

The changed pension age would affect every worker born since 1959, the paper said.

Yep, looks like they're determined to have us working from cradle to grave.

Tony Abbot.......you suck!

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... Gold Member Offline Posts: 23673 WA Gender:	Re: Row over pension age heats up Reply #1 - Apr 20^th, 2014 at 9:07am 2029 eh? Just a coincidence that that year will see the last of the baby boomers having retired comfortably, while the rest of us pick up their tab. I called it: http://www.ozpolitic.com/forum/YaBB.pl?num=1393184377/3#3
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Bobby.

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Re: Row over pension age heats up
Reply #2 - Apr 20^th, 2014 at 9:08am

Taipan wrote on Apr 20^th, 2014 at 8:40am:

Quote:

The federal opposition has accused the Abbott government of breaking an election promise to pensioners amid reports it will push ahead with plans to lift the retirement age to 70.

http://news.ninemsn.com.au/national/2014/04/19/13/03/row-over-pension-age-heats-...

Quote:

The new retirement age could come into effect from 2029, and the federal government is also considering changes to pension indexation rates, The Australian reported on Saturday.

The changed pension age would affect every worker born since 1959, the paper said.

Yep, looks like they're determined to have us working from cradle to grave.

Tony Abbot.......you suck!

Are you blind ?-

didn't you see all the other threads on this topic?

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Taipan

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Re: Row over pension age heats up
Reply #3 - Apr 20^th, 2014 at 10:58am

Bobby. wrote on Apr 20^th, 2014 at 9:08am:

Taipan wrote on Apr 20^th, 2014 at 8:40am:

Quote:

The federal opposition has accused the Abbott government of breaking an election promise to pensioners amid reports it will push ahead with plans to lift the retirement age to 70.

http://news.ninemsn.com.au/national/2014/04/19/13/03/row-over-pension-age-heats-...

Quote:

The new retirement age could come into effect from 2029, and the federal government is also considering changes to pension indexation rates, The Australian reported on Saturday.

The changed pension age would affect every worker born since 1959, the paper said.

Yep, looks like they're determined to have us working from cradle to grave.

Tony Abbot.......you suck!

Are you blind ?-

didn't you see all the other threads on this topic?

With the same article?

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BatteriesNotIncluded Gold Member Offline MediocrityNET: because people died for this! Posts: 26966	Re: Row over pension age heats up Reply #4 - Apr 20^th, 2014 at 12:21pm ... wrote on Apr 20^th, 2014 at 9:07am: 2029 eh? Just a coincidence that that year will see the last of the baby boomers having retired comfortably, while the rest of us pick up their tab. I called it: http://www.ozpolitic.com/forum/YaBB.pl?num=1393184377/3#3 F'n baby boomers!
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Gnads

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Re: Row over pension age heats up
Reply #5 - Apr 20^th, 2014 at 3:02pm

... wrote on Apr 20^th, 2014 at 9:07am:

2029 eh?

Just a coincidence that that year will see the last of the baby boomers having retired comfortably, while the rest of us pick up their tab.

I called it:

http://www.ozpolitic.com/forum/YaBB.pl?num=1393184377/3#3

You won't be picking up anyones tab... Roll Eyes

what a load of bollocks.

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"When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid." ~ Ricky Gervais

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...

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Re: Row over pension age heats up
Reply #6 - Apr 20^th, 2014 at 4:48pm

Gnads wrote on Apr 20^th, 2014 at 3:02pm:

... wrote on Apr 20^th, 2014 at 9:07am:

2029 eh?

Just a coincidence that that year will see the last of the baby boomers having retired comfortably, while the rest of us pick up their tab.

I called it:

http://www.ozpolitic.com/forum/YaBB.pl?num=1393184377/3#3

You won't be picking up anyones tab... Roll Eyes

what a load of bollocks.

And in true baby boomer fashion, gnads thinks the money for all the wonderful promises he voted himself grows on trees.

Way to hock your grandchildrens future, asshole.

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In the fullness of time...

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Gnads

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Re: Row over pension age heats up
Reply #7 - Apr 20^th, 2014 at 6:06pm

Speaking of assholes ... you got mirrors in your house?

I can assure you .... you won't be shouldering any burdens in regards to baby boomers being self funded retirees.

And like me my grandchildren will have to survive off their own bat .... that made even harder by forcing old people to work until they're 70 .... & there being no employment opportunities because geriatrics are holding them out.

I've said this before.... you don't get old being a self centred d1ckhead....

I trust you've made plans for funeral insurance .... some one will be collecting it before long.

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"When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid." ~ Ricky Gervais

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sherri

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Re: Row over pension age heats up
Reply #8 - Apr 21^st, 2014 at 9:00am

... wrote on Apr 20^th, 2014 at 4:48pm:

Gnads wrote on Apr 20^th, 2014 at 3:02pm:

... wrote on Apr 20^th, 2014 at 9:07am:

2029 eh?

Just a coincidence that that year will see the last of the baby boomers having retired comfortably, while the rest of us pick up their tab.

I called it:

http://www.ozpolitic.com/forum/YaBB.pl?num=1393184377/3#3

You won't be picking up anyones tab... Roll Eyes

what a load of bollocks.

And in true baby boomer fashion, gnads thinks the money for all the wonderful promises he voted himself grows on trees.

Way to hock your grandchildrens future, asshole.

A lot of emotion boiling over there for nothing, honky.

Let's calm down and look at things.

The 70 year old pension age, for a start, would not kick in for people currently approaching retirement, it could take decades to fully kick in, even if it is introduced.

Baby boomers; some had super, some don't or didn't have enough. So yes, they may need pensions. But let's look at how old baby boomers are, shall we? Those born in the 1940s are now edging up towards 70 and let's face it, 80 is about the average life span, despite all the hype about living to 100 etc

The younger end of the boomers would be in their 50s, but most of them are likely to have a little more super.

So what we are looking at is about 20 more years where the govt may have to provide a higher than usual number of pensions.
Only 20 years.
After that, most people will be retiring with higher levels of super.

The problem as I see it is that people will have to take all their super as a lump sum. Pensions were stopped some time back. But realistically, offering people the option of a set pension indexed to inflation, funded from super, could be the way to go. This is always a gamble as there is nothing to say how long a person will live and the pension dies with them or their spouse.

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Taipan

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Re: Row over pension age heats up
Reply #9 - Apr 21^st, 2014 at 10:40am

sherri wrote on Apr 21^st, 2014 at 9:00am:

... wrote on Apr 20^th, 2014 at 4:48pm:

Gnads wrote on Apr 20^th, 2014 at 3:02pm:

... wrote on Apr 20^th, 2014 at 9:07am:

2029 eh?

Just a coincidence that that year will see the last of the baby boomers having retired comfortably, while the rest of us pick up their tab.

I called it:

http://www.ozpolitic.com/forum/YaBB.pl?num=1393184377/3#3

You won't be picking up anyones tab... Roll Eyes

what a load of bollocks.

And in true baby boomer fashion, gnads thinks the money for all the wonderful promises he voted himself grows on trees.

Way to hock your grandchildrens future, asshole.

A lot of emotion boiling over there for nothing, honky.

Let's calm down and look at things.

The 70 year old pension age, for a start, would not kick in for people currently approaching retirement, it could take decades to fully kick in, even if it is introduced.

Baby boomers; some had super, some don't or didn't have enough. So yes, they may need pensions. But let's look at how old baby boomers are, shall we? Those born in the 1940s are now edging up towards 70 and let's face it, 80 is about the average life span, despite all the hype about living to 100 etc

The younger end of the boomers would be in their 50s, but most of them are likely to have a little more super.

So what we are looking at is about 20 more years where the govt may have to provide a higher than usual number of pensions.
Only 20 years.
After that, most people will be retiring with higher levels of super.

The problem as I see it is that people will have to take all their super as a lump sum. Pensions were stopped some time back. But realistically, offering people the option of a set pension indexed to inflation, funded from super, could be the way to go. This is always a gamble as there is nothing to say how long a person will live and the pension dies with them or their spouse.

I don't believe that. I reckon its more like 70.

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Sophia

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Re: Row over pension age heats up
Reply #10 - Apr 21^st, 2014 at 10:59am

Taipan wrote on Apr 21^st, 2014 at 10:40am:

sherri wrote on Apr 21^st, 2014 at 9:00am:

... wrote on Apr 20^th, 2014 at 4:48pm:

Gnads wrote on Apr 20^th, 2014 at 3:02pm:

... wrote on Apr 20^th, 2014 at 9:07am:

2029 eh?

Just a coincidence that that year will see the last of the baby boomers having retired comfortably, while the rest of us pick up their tab.

I called it:

http://www.ozpolitic.com/forum/YaBB.pl?num=1393184377/3#3

You won't be picking up anyones tab... Roll Eyes

what a load of bollocks.

And in true baby boomer fashion, gnads thinks the money for all the wonderful promises he voted himself grows on trees.

Way to hock your grandchildrens future, asshole.

A lot of emotion boiling over there for nothing, honky.

Let's calm down and look at things.

The 70 year old pension age, for a start, would not kick in for people currently approaching retirement, it could take decades to fully kick in, even if it is introduced.

Baby boomers; some had super, some don't or didn't have enough. So yes, they may need pensions. But let's look at how old baby boomers are, shall we? Those born in the 1940s are now edging up towards 70 and let's face it, 80 is about the average life span, despite all the hype about living to 100 etc

The younger end of the boomers would be in their 50s, but most of them are likely to have a little more super.

So what we are looking at is about 20 more years where the govt may have to provide a higher than usual number of pensions.
Only 20 years.
After that, most people will be retiring with higher levels of super.

The problem as I see it is that people will have to take all their super as a lump sum. Pensions were stopped some time back. But realistically, offering people the option of a set pension indexed to inflation, funded from super, could be the way to go. This is always a gamble as there is nothing to say how long a person will live and the pension dies with them or their spouse.

I don't believe that. I reckon its more like 70.

Even younger. Too many I know, my dearest friends, or relatives, with cancer, in their mid 50's and early 60's.
And then recent funerals, of those that only just retired into a couple of weeks, and bang, heart attack. So many I know of that go just after retirement. But then again, I live in an area where it is high physical labour or orchardists, market gardeners, flower growers, farmers, mechanics, etc.

And I bet the goverment knows the stats for how many people are living dying of our generation of 50 to 65 yr olds.

Stretching the retirement to 70 yrs of age, is not doing any younger ones coming into the clogged up workforce any easy favours.

It's a bit like putting a carrot on the end of a stick, and the donkey keeps trying to have a bit of it, but never quite in reach.

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Sophia

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Re: Row over pension age heats up
Reply #11 - Apr 21^st, 2014 at 11:03am

... wrote on Apr 20^th, 2014 at 9:07am:

2029 eh?

Just a coincidence that that year will see the last of the baby boomers having retired comfortably, while the rest of us pick up their tab.I called it:

http://www.ozpolitic.com/forum/YaBB.pl?num=1393184377/3#3

The way I see it, the longer we baby boomers work, the more taxes we pay, then we die, and all our taxes we paid our whole life that we have not even started to collect, will rollover and go to the next younger generation for their different benefits. So picking up our tab is a silly way to put it. We paid our own way. And we paid for other types of social security for others as well. Yes, in other words, we paid the tabs too.

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Taipan

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Re: Row over pension age heats up
Reply #12 - Apr 21^st, 2014 at 12:26pm

Sophia wrote on Apr 21^st, 2014 at 10:59am:

Taipan wrote on Apr 21^st, 2014 at 10:40am:

sherri wrote on Apr 21^st, 2014 at 9:00am:

... wrote on Apr 20^th, 2014 at 4:48pm:

Gnads wrote on Apr 20^th, 2014 at 3:02pm:

... wrote on Apr 20^th, 2014 at 9:07am:

2029 eh?

Just a coincidence that that year will see the last of the baby boomers having retired comfortably, while the rest of us pick up their tab.

I called it:

http://www.ozpolitic.com/forum/YaBB.pl?num=1393184377/3#3

You won't be picking up anyones tab... Roll Eyes

what a load of bollocks.

And in true baby boomer fashion, gnads thinks the money for all the wonderful promises he voted himself grows on trees.

Way to hock your grandchildrens future, asshole.

A lot of emotion boiling over there for nothing, honky.

Let's calm down and look at things.

The 70 year old pension age, for a start, would not kick in for people currently approaching retirement, it could take decades to fully kick in, even if it is introduced.

Baby boomers; some had super, some don't or didn't have enough. So yes, they may need pensions. But let's look at how old baby boomers are, shall we? Those born in the 1940s are now edging up towards 70 and let's face it, 80 is about the average life span, despite all the hype about living to 100 etc

The younger end of the boomers would be in their 50s, but most of them are likely to have a little more super.

So what we are looking at is about 20 more years where the govt may have to provide a higher than usual number of pensions.
Only 20 years.
After that, most people will be retiring with higher levels of super.

The problem as I see it is that people will have to take all their super as a lump sum. Pensions were stopped some time back. But realistically, offering people the option of a set pension indexed to inflation, funded from super, could be the way to go. This is always a gamble as there is nothing to say how long a person will live and the pension dies with them or their spouse.

I don't believe that. I reckon its more like 70.

Even younger. Too many I know, my dearest friends, or relatives, with cancer, in their mid 50's and early 60's.
And then recent funerals, of those that only just retired into a couple of weeks, and bang, heart attack. So many I know of that go just after retirement. But then again, I live in an area where it is high physical labour or orchardists, market gardeners, flower growers, farmers, mechanics, etc.

And I bet the goverment knows the stats for how many people are living dying of our generation of 50 to 65 yr olds.

Stretching the retirement to 70 yrs of age, is not doing any younger ones coming into the clogged up workforce any easy favours.

It's a bit like putting a carrot on the end of a stick, and the donkey keeps trying to have a bit of it, but never quite in reach.

I agree. And if a person works up till they're 70 they aint gonna have much stamina to really live life and enjoy it. By the time people have reached that age most of them are already spent.

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Dnarever Gold Member Online Australian Politics Posts: 58992 Here Gender:	Re: Row over pension age heats up Reply #13 - Apr 21^st, 2014 at 12:49pm Policy from people who can easily retire before 50 telling everyone else that they have to work till 70 when most employers start treating people like lepers at 40.
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True Blue...

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Re: Row over pension age heats up
Reply #14 - Apr 21^st, 2014 at 1:00pm

the next step will be the laws changing so that you won't be able to access your OWN superannuation..

the government will take control of it and drip feed it back to you...

and if you point your finger at one government party or another than you are a fool...

both sides are in to this neck deep...

the labor stooges said nothing when their own party put up the pension age but now the libs are talking about doing it they are squealing like cut pigs...

wake up...

it looks to me as though Labor and the Liberals have made a back room deal..

"you put the retirement age up a few years and then we'll put it up a few years when we get in"

coincidence? ... seems sus to me anyways... Huh

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