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Keep The Pension Qualifying Age At 65 (Read 1570 times)
Sir Crook
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Keep The Pension Qualifying Age At 65
Jun 28th, 2016 at 5:39pm
 
    n: Latest News, May 2016, Senatorlambie.com.au

JLN will use Senate balance of power to keep Pension Qualifying Age at 65

Tasmanian JLN Independent Senator Jacqui Lambie has vowed to use any future balance of power in the Senate to fight to keep the Aged Pension qualifying age at 65.   Smiley

“Most Australians have forgotten that both the Liberal and Labor parties have agreed to increase the qualifying age for the Australian aged pension from 65 to 67  – because it’s unsustainable.

What’s unsustainable is Australia borrowing $50B over the next ten years to give away in poorly targeted foreign aid – when international reports show that more than a third of all our pensioners are living below the poverty line.  A decent Aged Pension at 65 is not a privilege – it is a right,” said Senator Lambie.

“Independent Parliamentary Library research I commissioned says: currently a person must be 65 years of age or older to qualify for Age Pension.  However, the qualifying age will increase to 65 years and 6 months from 1 July 2017.  From 1 July 2017 to 1 July 2023, the qualifying age will increase by 6 months every 2 years until it reaches 67 on 1 July 2023,” said Senator Lambie.

“My Senate teams in QLD, NSW, VIC and TAS will fight hard to keep the official Australian retirement age at 65 years.  It’s our official policy.  If the JLN holds the balance of power in the Senate after the election, the Aged Pension payment and qualification age will be some of the most important policy issues that will be negotiated with the new Prime Minister.

The JLN will use our resources and influence to encourage Bill Shorten and Labor to change their mind on the Aged Pension.  With better spending priorities – we can afford to increase the Australian Aged Pension by up to 6% and we can keep the qualification age at 65.” said Senator Lambie.   

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Lisa Jones
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Re: Keep The Pension Qualifying Age At 65
Reply #1 - Jun 28th, 2016 at 5:47pm
 
I'm totally against what she's saying.

67 ought to be the qualifying age NOT 65.

Both Labor AND Liberal are right on this.

Why?

It is unsustainable thanks to the Baby Boomer phenomenon.
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Sir Crook
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Re: Keep The Pension Qualifying Age At 65
Reply #2 - Jun 28th, 2016 at 5:49pm
 
What’s unsustainable is Australia borrowing $50B over the next ten years to give away in poorly targeted foreign aid – when international reports show that more than a third of all our pensioners are living below the poverty line.  A decent Aged Pension at 65 is not a privilege – it is a right,” said Senator Lambie.   Smiley
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Grendel
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Re: Keep The Pension Qualifying Age At 65
Reply #3 - Jun 28th, 2016 at 5:49pm
 
PHON policy...  did Lambie steal it?
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Lisa Jones
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Re: Keep The Pension Qualifying Age At 65
Reply #4 - Jun 28th, 2016 at 6:02pm
 
Quote:
What’s unsustainable is Australia borrowing $50B over the next ten years to give away in poorly targeted foreign aid – when international reports show that more than a third of all our pensioners are living below the poverty line. 

A decent Aged Pension at 65 is not a privilege – it is a right,” said Senator Lambie.   Smiley


Well she's got a point re borrowing $50B to give to foreign aid.

If indeed that claim is true.

The rest however is waffle.

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Black Orchid
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Re: Keep The Pension Qualifying Age At 65
Reply #5 - Jun 28th, 2016 at 6:36pm
 
Anyone who has worked their whole adult live and cannot afford to retire comfortably earlier should be allowed to call it a day at 65.
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Grappler Truth Teller Feller
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Re: Keep The Pension Qualifying Age At 65
Reply #6 - Jun 28th, 2016 at 6:56pm
 
A long term Grappler Party policy...
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Re: Keep The Pension Qualifying Age At 65
Reply #7 - Jun 28th, 2016 at 6:57pm
 
Black Orchid wrote on Jun 28th, 2016 at 6:36pm:
Anyone who has worked their whole adult live and cannot afford to retire comfortably earlier should be allowed to call it a day at 65.


Obviously you've never lived.... working one's entire working life these days is a luxury - do try to keep up.
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Re: Keep The Pension Qualifying Age At 65
Reply #8 - Jun 28th, 2016 at 7:07pm
 
Yes sir!
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Kat
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Re: Keep The Pension Qualifying Age At 65
Reply #9 - Jun 28th, 2016 at 7:29pm
 
Any government which is actually serious about addressing youth unemployment wouldn't
be forcing, at the same time, over-60s to 'die at their oars', so to speak.
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Bobby.
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Re: Keep The Pension Qualifying Age At 65
Reply #10 - Jun 28th, 2016 at 7:34pm
 
Lisa Jones wrote on Jun 28th, 2016 at 5:47pm:
I'm totally against what she's saying.

67 ought to be the qualifying age NOT 65.

Both Labor AND Liberal are right on this.

Why?

It is unsustainable thanks to the Baby Boomer phenomenon.



But dear Lisa,
we have paid heavy taxes all our lives so that other people could get the pension at 65.

Why shouldn't we get the same?
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Kat
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Re: Keep The Pension Qualifying Age At 65
Reply #11 - Jun 28th, 2016 at 7:55pm
 
Lisa Jones wrote on Jun 28th, 2016 at 6:02pm:
Quote:
What’s unsustainable is Australia borrowing $50B over the next ten years to give away in poorly targeted foreign aid – when international reports show that more than a third of all our pensioners are living below the poverty line. 

A decent Aged Pension at 65 is not a privilege – it is a right,” said Senator Lambie.   Smiley


Well she's got a point re borrowing $50B to give to foreign aid.

If indeed that claim is true.

The rest however is waffle.



Actually, it's not.

The pension IS a right, like it or not.

Oh, and SO is No-Start.
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Lisa Jones
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Re: Keep The Pension Qualifying Age At 65
Reply #12 - Jun 28th, 2016 at 7:57pm
 
Kat wrote on Jun 28th, 2016 at 7:55pm:
Lisa Jones wrote on Jun 28th, 2016 at 6:02pm:
Quote:
What’s unsustainable is Australia borrowing $50B over the next ten years to give away in poorly targeted foreign aid – when international reports show that more than a third of all our pensioners are living below the poverty line. 

A decent Aged Pension at 65 is not a privilege – it is a right,” said Senator Lambie.   Smiley


Well she's got a point re borrowing $50B to give to foreign aid.

If indeed that claim is true.

The rest however is waffle.



Actually, it's not.

The pension IS a right, like it or not.

Oh, and SO is No-Start.


I didn't say it wasn't.
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If I let myself be bought then I am no longer free.

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hawil
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Re: Keep The Pension Qualifying Age At 65
Reply #13 - Jun 28th, 2016 at 9:04pm
 
Lisa Jones wrote on Jun 28th, 2016 at 5:47pm:
I'm totally against what she's saying.

67 ought to be the qualifying age NOT 65.

Both Labor AND Liberal are right on this.

Why?

It is unsustainable thanks to the Baby Boomer phenomenon.


Lisa; is this sustainable?

The meanest means-test of the age pension.
The Australian government provides every retired person with the safety net of the age pension, subject to the means test.

According to the means test of income, a single pensioner loses 50 % of the age pension after his/her income exceeds $162 a fortnight or $4212 per annum; a couple loses after an income of $4288.00 per fortnight or $7488.00 per annum.
If a single self funded retirees income falls below $1896.00 per fortnight or $49296.00 a year, or a couples income falls below $2902.00 per fortnight or $75452.00 per annum they can claim a part age pension.

The government is using the means test of the age pension, that the pensioner on a modest extra income above the allowable income, before his/her pension is reduced by 50%, to subsidise the generous tax concessions for the self funded retirees; the cost of the tax concessions is now almost as much as the total cost of the age pension.
When the Howard-Costello introduced the obscenely generous tax concessions in 2007,it  was hardly mentioned by the media.

As it is now becoming obvious, that cost of the tax concessions are becoming unsustainable, the government should scrap the means test of the age pension and scrap all tax concessions for super.

What complaints would the self funded retirees have, if they were paid the full age pension, for losing the tax concessions for super?

A government in any civilised society should provide a basic living income for its retired citizens, but the government should not use a devious means test, so that citizens on modest incomes should not have to subsidise a luxurious lifestyle for the very rich.

The huge tax concessions for super do, and will in the future greatly contribute to Australia’s government debt problem. 


hawil



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Re: Keep The Pension Qualifying Age At 65
Reply #14 - Jun 28th, 2016 at 9:17pm
 
Black Orchid wrote on Jun 28th, 2016 at 7:07pm:
Yes sir!


Oh - it's you - mistook you for someone else who was standing on the firing range there.....  Wink
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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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