Look at the current crop of retirees downunder, the ones who've controlled the country and industry for the last three or four decades.
They came through when demarcation was rife, established non contributory retirement schemes (PONZI), then as they became influential/powerful pushed for labour reform, down-sizing, payment only on performance, not CPI, outsourcing, compulsory retirement saving (you can't have 9% of your pay now, you must put it away until your "preserved benefit" age).
A couple of years ago, they passed new laws increasing the age that I can touch MY retirement savings by 5 years.
Well they're at it again.
http://www.theaustralian.news.com.au/story/0,25197,24253126-5013871,00.html
Quote:
THE nation's peak seniors group has called on the Rudd Government to raise the retirement age to 75 and increase compulsory superannuation from 9 to 15 per cent
So they want to lock away 6% more of my wage, for 10 years longer.
Why would they want this ?
Quote:
an immediate increase in the single age pension from 59 per cent to two-thirds of the couple rate to bring it in line with other OECD countries.
.
.
.
Mr Compton suggested that a new way to setting the pension should be established.
He argued that the Reserve Bank should declare annually the average wage and the Government legislate to peg the pension to a percentage of the figure.
I've maintained for ages that we need to maintain birth rates to keep the burger flippers and telephone hygenists (not to mention the road builders for the "grey nomads" to sail their Winnebago across), but it looks like these people have other ideas how they can be comfortably supported in their (early) retirement.
They came through when demarcation was rife, established non contributory retirement schemes (PONZI), then as they became influential/powerful pushed for labour reform, down-sizing, payment only on performance, not CPI, outsourcing, compulsory retirement saving (you can't have 9% of your pay now, you must put it away until your "preserved benefit" age).
A couple of years ago, they passed new laws increasing the age that I can touch MY retirement savings by 5 years.
Well they're at it again.
http://www.theaustralian.news.com.au/story/0,25197,24253126-5013871,00.html
Quote:
THE nation's peak seniors group has called on the Rudd Government to raise the retirement age to 75 and increase compulsory superannuation from 9 to 15 per cent
So they want to lock away 6% more of my wage, for 10 years longer.
Why would they want this ?
Quote:
an immediate increase in the single age pension from 59 per cent to two-thirds of the couple rate to bring it in line with other OECD countries.
.
.
.
Mr Compton suggested that a new way to setting the pension should be established.
He argued that the Reserve Bank should declare annually the average wage and the Government legislate to peg the pension to a percentage of the figure.
I've maintained for ages that we need to maintain birth rates to keep the burger flippers and telephone hygenists (not to mention the road builders for the "grey nomads" to sail their Winnebago across), but it looks like these people have other ideas how they can be comfortably supported in their (early) retirement.
