Super changes will improve retiree living standards

The Actuaries Institute has welcomed changes to Australia’s superannuation system.

Actuaries back super fund changes

The Actuaries Institute has welcomed changes to Australia’s post-retirement superannuation system that it hopes will lead to improved living standards for retirees.

The legislation, which passed through parliament last week, deals with the risk retirees may outlive their retirement savings and gives older Australians more financial options in retirement by making changes to the means test rules that will encourage the development of new financial products for retirees. The package of changes also included an expanded Pension Loans Scheme and an increase in the Pension Work Bonus.

“The legislation will help stimulate the development of products that will underpin the government’s objective that superannuation provide income in retirement that supplements or substitutes the Age Pension,” said Andrew Boal, convenor of the Actuaries Institute’s retirement strategy group.

“We support the changes, and also support the principle of requiring superannuation funds to offer a retirement income product to members,” Mr Boal said.

Australians enjoy among the longest life expectancy in the world, a trend likely to continue.

However, retirees are currently offered slim guidance or choice when they take their retirement savings out of the superannuation system. Many worry that they will outlive their money.

YourLifeChoices’ research shows that almost 80 per cent of retirees are worried that they will outlive their savings and members articulated those fears in last year’s Retirement Affordability Index.

“Since the early 1970s, the life expectancy of the average 65 year old has increased from around 12 years to 20 years for men and about 22 years for women,” Mr Boal said.

“But longevity is not uniform, it varies considerably from person to person, so some form of longevity protection will be helpful for many Australians.”

Mr Boal said the Actuaries Institute has been concerned for some time that the retirement phase of the superannuation system was underdeveloped.

“We support the progress that has been made to remove barriers to the introduction of pooled lifetime income products, and we welcome the clarification of the treatment of comprehensive income products in retirement (CIPRs) under the new Age Pension means test rules,” he said.

“We also support the government’s plans to prioritise the development of a retirement income covenant, and that all superannuation funds should develop a retirement income strategy for members.”

Mr Boal said income needs and spending patterns in retirement can and do vary significantly and there is no one-size-fits-all solution.

“We strongly support the notion that trustees should consider eligibility for the Age Pension when considering a member’s income in retirement, and also how cognitive decline may affect outcomes.”

What do you think of the government’s changes to lifetime retirement income products? Will it improve your living standards in retirement?

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    COMMENTS

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    JoJozep
    21st Feb 2019
    12:01pm
    Lothario, which rock were you hiding under? Here is the real truth of how Retirees never had it so good, or is just a few cheating weasels that have worked the system having a good time?.

    The greed of the present government in clawing back every cent from pensioners/retirees knows no bounds. I'll give my personal experience in a moment. First, let's see where the Morrison Coalition wants to spend money. Luckily, the big end of town 's popularity has been trashed and taxpayers will not be forced to pay for the rich and well-heeled "business people who do FA to enrich the economy but rape and plunder the environment.

    So what sounds good? Here is the government spiel.- Yes, the yellow hords are upon us and will invade soon. Yes, Islamic State will conquer the world and contaminate Australia. Yes, the Ruskies are planning world domination, as if the present population doesn't already control a land mass 4-5 times the size of Australia, Yes, there must be other enemies not yet identified but we must be prepared for.

    Our response (politically a safe and vote winner and misunderstood reaction), bolster our fighting forces and call it defence spending exercise. What a joke! Our perceived enemies must be laughing their pants off. Let's rip $50 billion (conservative) from pensioners retirement income to buy 10-12 conventional submarine future rust buckets that if we're lucky could sink half a dozen fishing boats, coming to our shores. If you spread these along our coastline, they will be so far apart, we might lose a few accidentally, and that's in peace time, let alone war time.

    Totally inadequate for our defense you might ask, your right, so let's rip off more money from taxpayers and buy 100 or so F-35 jet fighters, so badly designed, only a few have been able to take off without crashing, at 35-40 million each that's another cool 4 billion plus. What, you say, pay for planes still on the drawing boards? Why not it's for our defense, Also let's build infrastructure, and connect two donkey regional towns with 4 lane road links, so a few farmers can get their produce to market 1/2 an hour quicker., But, But, you ask again in disbelief, won't that get political votes for the country/national party?.

    What happens with flood mitigation? What are we doing about climate change? What are we doing to mitigate bushfires? No votes so no plans. What are we doing with all these Royal Commissions? No votes so no action. But they buy the Government time. I can name five Commissions currently underway. So what does the present government do about those that have made recommendations? You guessed it - nothing. In fact missing valuable parliamentary sittings days, paid for by the taxpayers is a crime of stealing money and yes, ScoMo is a white collar criminal as a result.

    Here's how the government weasels its way along to make brash promises that win votes and how it funds them.

    If you have scrimped and saved all your life, worked two jobs, with wife working two jobs as well as bring up three kids and putting them through college, then university, saved like the earth will cease, paid off the mortgages as soon as possible paid four lots of taxes for the best part of thirty years, then at the end you would have enough savings for retirement. Or so you hope. The reality bites. The part pitiful pension was scrapped by that lying, Teflon coated ScoMo, who like Trump, blames everyone except himself for the country going south big time. Why do I call him a conniving liar? Because I’ve seen him deflect unpleasant questions and will never answer a question where he or his government have stuffed up, or trumps up the old question of asylum seekers causing all this misery, and after 5 years in detention, wonders why male only dominated prisoners rebel or simply go mad. The majority have done nothing except seek a better life from oppression and brutality. Yes, they have jumped the queue in some cases, not understanding, that had they been able to afford plane travel, they could have been processed and in Australia legitimately in 6 months. What a joke Mutton head, your maker will reserve a special place for you (perhaps on Manus Island) when your time comes. By the way, I have worked on Manus Island in the 60’s, and the island is beautiful to look at on a postcard, but to live there, no way. You cannot wear heavy clothing because of the 98% humidity and heat, but if you don’t, mosquitoes, swamp flies, sand flies, cane toads, lizards, snakes, and other flesh eating bugs as well as malaria, dengue fever will soon change your mind the place is idyllic. Back to the real world:-

    The wife finishes work at age 71. Fit and healthy up to this point, but within 2 years her healthy is so poor she needs constant 24 hour care and attention. Only solution is an Aged Care Home. Found one that provides decent care and has reasonable surroundings and attitude after a short but horrible experience with a “cheaper” place. At this point, my head is spinning as our whole life is changing rapidly from stability to ever increasing worries with payments. She is totally disabled now but is not covered by disability insurance I was told. She’s too old at 74.

    You would think the government would be helpful after cutting our part pension. Our outflow towards the Aged care Home is extreme, I mean $7,774 per month, more than triple our income per month, and guess what- the government deems us to be well off and charges $2,600 per month included in the above figure or more than 1/3 the cost. Why? We get nothing from the government, we pay little taxes, but we earn bugger all. All this money is coming out of hard won after tax savings we fought tooth and nail for. And you think that’s fair Mr. ScoMo. Where are our millions we paid in taxes over our working life Mr. ScoMo?, I hope it’s not another jet plane or useless submarine. Can’t wait for the elections to boot this scum out of existence.
    Rae
    21st Feb 2019
    12:25pm
    I am sorry Jo.

    It hasn't been a bit fair.

    I too raised three kids as a widow and paid high taxes, my own childcare and paid into Super to be shafted by the LNP and Greens with no recourse.

    Aged care should come under Medicare. The costs are outrageous.

    We need all these Parties and politicians gone.
    john
    21st Feb 2019
    2:13pm
    Jojo besides losinf the Falcons , how do yo know all this military knowledge that Collins class subs are obsolete, they may be. How do you know that F35 strike aircraft are not worth the money, although they might be, its called preparation.
    If you don't have it then you could be in trouble. Thats the world we live in.

    I am not so sure that we are told everything IN FACT IF WE ARE ALL EXPERTS ON OUR DEFENCE SYSTEMS THEN SO's EVERY ONE ELSE. , the delivery by France I guess of new submarines is looking like a miscalculation and indecision in time , BUT, what we're told and what is happening in actuality I would guess is totally different.

    The public don't know and maybe we shouldn't know , I would guess in our situation we may be much more defended than Mr and Mrs AND Ms, of Australia have no idea, I find it strange talking about super changes and pensioners and running out of money as we get older irrelevant if we have no defence systems?
    I wouldn't be jumping from one scum to another scum by the way.

    We might even be a bit like our allies Israel, in as much as a small nation with a small population surrounded by enemies still keeps every one very frightened of them. Never know ?
    Although they should fix the unfair Palestinian problem , but that's another story.

    Every one worries about running out of money before they die, and every government that will get in, or ever has got in, should have made that scenario impossible to occur years and years ago.
    If you think Bill or an independent can help , think again, the Greens and the ALP are becoming the job killers of Australia.
    The lunatics will really be in charge.
    Anonymous
    21st Feb 2019
    3:00pm
    "Yes, the yellow hords are upon us and will invade soon. Yes, Islamic State will conquer the world and contaminate Australia."

    The yellow hordes have invaded already, judging by what I see in Sydney; them and the Indians. Islamists won't conquer the world - the Middle East will be nuked before that happens - but they are causing trouble worldwide.
    MICK
    21st Feb 2019
    5:05pm
    You might have a point Knows-a lot.
    Funny you mentioning 'Australian' citizens from India. Last night's News saw a decent sized protest in Sydney where our Indian born cohort were backing the Indian government. I had to ask myself if these people were citizens of Australia or India. If the latter what are they doing in our country?
    I can hardly wait for 'racism' wielding posters demanding retraction or removal.
    Rae
    22nd Feb 2019
    6:52am
    MICK it could get very nasty fast in rural Australia if the new Australians from India don't stop treating Indigenous Australians as lowest caste. Mumblings and mutterings and verbal clashes are cropping up in Dubbo. There needs to be education programs to instil that the caste system must be left in India where it has managed to keep hundreds of millions in poverty and prevented the development. Todays Indigenous young aren't going to wear it without a fight. There is racism and then there are cultural clashes as well. We don't need either.
    MICK
    22nd Feb 2019
    11:35am
    And that female genital mutilation is not on for the muslim population.
    We have serious problems which are mostly kept under wraps and all the government and mainstream media does is hush it up and sweep it under the carpet lest unhappy Australians call enough. Its the sort of thing which sparked the Cronulla riots which started because of islamic thugs on the beach closing the rock pools off to users who were not of their faith.
    Janus
    21st Feb 2019
    12:13pm
    JoJOzep,
    Do I detect a touch of bitterness? Hmmm? You are lucky! We missed out on even getting the part pension!

    Save and scrimp and do without, so that we could live reasonably with some small government support, so that the lying mongrels (Libs and Greens) can lower the threshold so that we do not get ANY assistance - they even took away our almost useless cards. I had saved just over the limit, and they have taken over 6 months just even start to look at our situation. If I tried to spend some to get under the limit, they have said that that will preclude our ability to get a part pension.

    Old folk a soft target? HURRY UP AND DIE is their policy.
    Rae
    22nd Feb 2019
    7:00am
    Incorrect Janus. Nobody can tell you how or when you can spend your savings yet except for helping others which is apparently not allowed. If you are planning a part pension you should take any long period trips away first. You can also do any renovations or buy new car or appliances.
    A check of the portfolio may very well show you under the limit as markets have been falling bit by bit for a while now.
    Don't be bullied by Centrelink. They are public servants and need to start acting like it in my opinion.
    floss
    21st Feb 2019
    12:13pm
    WHY WILL THIS MAKE A DIFFERENCE IT WILL HELP VERY FEW.
    Rae
    21st Feb 2019
    12:27pm
    floss it will help the finance industry grifters and that's about all. We should tell them exactly what they can do with any of their new ideas to seal our savings.

    21st Feb 2019
    12:16pm
    This article is interesting in that previous articles have assured us that the majority of retirees are afraid that their money will run out before they die. The truth is out there. Somewhere.
    MICK
    21st Feb 2019
    5:01pm
    The assumption in this is that retirees keep on spending at the same rate as they always have. From what I have seen they slow down considerably to make the dough last. I guess that is in the DNA of most of us.
    Rae
    22nd Feb 2019
    7:07am
    Only the savers MICK. It's usually a life long habit. A great habit though even with the injustice and angst causing changes. OG has it right when suggesting we keep on top of rule changes and watch our backs.

    I'm quite okay but I never thought a government would pass legislation to make changes to those unable to alter anything. The Greens state they won't do this but they did.

    The poor quality of legislation over the past few years is going to take years to sort out through the courts. Retiring all the experienced public servants was pretty stupid but then I suppose they thought they could get away with a lot of money grabbing. That's starting to bite now though. There is always a money trail and a timeline.

    The real pity is that billions of tax dollars have been wasted making a very few rich beyond avarice.
    MICK
    22nd Feb 2019
    11:38am
    That's what LNP government do Rae. Tax cuts for the wealthy who have absolutely no need of them. Retirees and struggling Australians always pay.
    The irony is that we have economists around the world starting to call for TAX INCREASES for the rich who already avoid tax systems because they have the outs down to a fine art. So far no government is game to do it in fear of the massive reprisal the wealthy would mount.
    Rae
    21st Feb 2019
    12:17pm
    Great so we can work longer or borrow more through an expanded loan scheme.
    . Sounds great. But who benefits.

    So far the changes have cut my income by 15% and the concessions and will cut those receiving dividend income.

    I took the advice and locked in an income stream. Bad idea. Very bad idea. With the changes only the Financial Industry benefits and at least if you haven't locked in you can get out if necessary.

    Buying annuities or income streams from grifters is a really bad idea from my experiences.
    Thinker
    21st Feb 2019
    12:56pm
    For asset based pensions(allocated pensions) the minimum drawdowns were fixed sometime ago and I think there has only been one review which said there was no need to change
    Perhaps someone can explain why this so despite the increase in life expectancies
    Sundays
    21st Feb 2019
    3:43pm
    Yes, letting people choose their own minimum drawdown would have also helped
    Hairy
    21st Feb 2019
    1:58pm
    Jojozep you said it all . Scum the bloody lot of them 53 years of working for the pension at retirement. Only to find it stolen by the very people you vote in to take care of it.Ben Hall was a saint compared to these entitled mongrel lieing rorting cheating pond scum. In fact pond scum would have more sympathy than these excuses for humans.lothario you are a clown you spout incredibly unbelievable jibberish just like all the party’s do at election time .your credibility as a fair human being is blown to prices.
    john
    21st Feb 2019
    2:19pm
    Hairy your credibility will be in the bin too mate, which scum are you replacing with the current scum. Hating is of no use, but in our system now we have two things a gutless GG, who should have slammed the actions of ALP led by indies and Greens, and we have a voting population who really haven't got a clue about what is happening in Canberra or any form of government, only they know and only they will ever know, jojo has blasted the defence systems for pensioners going broke before they die, and I tell you what you just don't know,
    none of us know.
    Rae
    22nd Feb 2019
    7:11am
    john exactly what has the ALP done? I thought the LNP has been in power for most of the last 22 years and for the last 5 years in this term alone. It was the LNP with the Greens who have passed the recent changes making life harder for pensioners and low income earners.
    Adrianus
    25th Feb 2019
    9:21am
    Rae, Labor/Ind./Greens/Unions don't need to be in power for long to run us off the rails.
    Adrianus
    25th Feb 2019
    9:21am
    Rae, Labor/Ind./Greens/Unions don't need to be in power for long to run us off the rails.
    Anonymous
    28th Mar 2019
    7:18pm
    LNP have been cruel and unfair to retirees, but Labor is planning to finish the demolition job - attacking those the LNP forced to become totally self-funded and depriving them of fair tax FOR LIFE as punishment for saving - while pensioners are given TRIPLE handouts no matter how wealthy they are or how they manipulated to be pensioners. Honesty DOES NOT PAY.
    gerry
    21st Feb 2019
    2:27pm
    being in small business I had no super but had to invest in shares and allocated pensions, sometimes I worked 24/7 and if I could have had a holiday or day off there would have been no income,why cant thousands of people like me have the same tax breaks
    Rae
    21st Feb 2019
    2:34pm
    They can now gerry. Anyone can have a superannuation account and save up to $25 000 with tax breaks.
    gerry
    21st Feb 2019
    2:27pm
    being in small business I had no super but had to invest in shares and allocated pensions, sometimes I worked 24/7 and if I could have had a holiday or day off there would have been no income,why cant thousands of people like me have the same tax breaks
    Farside
    25th Feb 2019
    2:11pm
    Choices have consequences. Is there a reason you chose not to make contributions to super?
    gerry
    21st Feb 2019
    2:37pm
    What I cant understand is that the RACQ,,Senior magazine is mostly filled with cruise ads to Alaska and beyond , and Rhine cruises ,same with Sunday mail ,now these ads aren't there unless thousands of Seniors are taking advantage of them,I was ashamed to attend my monthly meeting as the majority of the members were boasting about their Centrelink[funded] holidays as they could afford to because their 2 million dollar houses were asset free
    Farside
    25th Feb 2019
    2:16pm
    and there's the rub, in allowing asset rich seniors access to Centrelink the pension burden on the working population is higher than it needs to be.
    gerry
    21st Feb 2019
    2:37pm
    What I cant understand is that the RACQ,,Senior magazine is mostly filled with cruise ads to Alaska and beyond , and Rhine cruises ,same with Sunday mail ,now these ads aren't there unless thousands of Seniors are taking advantage of them,I was ashamed to attend my monthly meeting as the majority of the members were boasting about their Centrelink[funded] holidays as they could afford to because their 2 million dollar houses were asset free
    Blinky
    21st Feb 2019
    3:29pm
    Pensioners houses should remain asset-free because the politicians' houses are also "asset-fre." In fact, pollies dont even need to worry about an asset or income test threshold because they dont have one.
    UNFAIR would u say? Well, ALL political parties r quite happy to keep it that way.
    In fact, if you have enough money to support yourself n dont have to depend on Centrelink, u dont even need to worry about any of this.
    CENTRELINK PENSIONERS are people who cant afford to support themselves n that is why they need a govt pension. They r the forgotten ones n the ones affected by negative changes to the pension.
    Rae
    21st Feb 2019
    4:39pm
    A lot of the cruises are very cheap closer to sail date. Pensioners living frugally choose to save and spend on that.

    As to houses being asset free that does need sorting. Why should someone who upgraded house after house as an investment be rewarded by free pension while those who bought income producing investments are punished. It's not fair. It will be the next port sorted out I expect.
    Sundays
    21st Feb 2019
    6:40pm
    Rae, I think that telling workers how to spend or invest their money puts us on a slippery slope. The family home should remain free from the Asset test. However, if someone is a full Pensioner living in a $5M house maybe a threshhold should be set. In any case, housing is going down and home owners have already lost some of their equity.
    Rae
    22nd Feb 2019
    7:23am
    Yes Sunday. It was just an example of unfairness. Apparently telling us that spending into investment markets isn't approved of but upgrade house buying is wanted through rules and legislation. I believe we should all be free from asset tests and income tests as both distort spending patterns.
    Australia is fast losing it's advantages. My savings are all going into International markets now. It's a lot safer looking at recent legislation that may or may not hold up depending on court rulings.
    This mess from the last three Parliamentary terms is going to take years to sort out and there is little stability while that goes on.
    BTM
    21st Feb 2019
    3:00pm
    Just goes to show how few people REALLY understand superannuation and the important role it plays in post retirement life. Those who think that the base employer contribution will get them through are deluding themselves, they need to top this up with an equal or greater, personal contribution throughout their working life. Add to this the possible need for an accommodation bond if an age care placement is required and you can see just how big a nest egg is required. I am constantly trying to drum this into my younger friends who live in the present and have scant regard for the future. Superannuation is a life long investment.
    Sundays
    21st Feb 2019
    6:42pm
    Yes, BTM but very difficult to plan when the rules keep changing.
    Rae
    22nd Feb 2019
    7:32am
    Possibly better to top it up outside of superannuation regardless of the tax incentives. Fees and charges are minimal if you do it yourself or use a low cost index funds platform. There have been no changes there. Very few rules and the returns are much higher that super funds can manage if you use currency and market corrections to rebalance by selling at high points and buying at low points as Buffett suggests.

    The big advantage is greater flexibility and far less sovereign risk and costs.Our government has yet to figure out how to mess with overseas sharemarkets.

    A couple can earn $58 000 a year tax free outside of super using offsets and also the income from base employer contributions, which is actually foregone income anyway.
    MICK
    21st Feb 2019
    3:15pm
    I sort of have to smile (cry?) when I read this sort of story.
    The reality is that older Australians were not in the super system LONG ENOUGH to accumulate a decent amount of money before they retired. No amount of "new products" is going to change that.
    Add to this the current government making it harder and harder for current retirees to live a comfortable life as well as the next cab off the rank, bringing the family home into the already abysmal assets test, and you have the dog's breakfast we have with many retirees struggling at a time of life they should not be worrying about the bills and the next feed.
    Blinky
    21st Feb 2019
    3:37pm
    That's right Mick, as I pointed out earlier, if u r getting a govt pension it's because u r not rich, period.
    Poor pensioners r always worried about negative changes that might negatively affect their well-being. But greedy pollies,
    Treasurers n "smart" financial planners r always thinking on ways to save the govt some money by screwing up pensioners, and that's because that's easy, like taking candy from a baby!!!
    The current proposed changes will not help pensioners.
    MICK
    21st Feb 2019
    4:35pm
    Window dressing never does. Its a show at election time which evaporates after the counting is done. This time will be no different.
    Tzuki
    21st Feb 2019
    3:33pm
    I am very sorry for your predicament. It seems only the very wealthy SFR's AND the politicions have anything to look forward to . It's all looking like a hopeless situation :(
    MD
    21st Feb 2019
    7:50pm
    A recurring term, often used in posted comments - "(T)hrough no fault of their own". Used presumably as justification/substantiation to support the premise of the particular subject, it's sorely in need of justification... or definition at the very least.

    How in hells' name can this broad brush sweep classification, for all its vague implications, seemingly apply to such a profound number of hard-up, hard-done-by social beneficiaries ?
    Are well meaning commentators presuming too much with a misguided notion that justification for their comment is sure to win favour by using this tired old cliche?
    TREBOR
    21st Feb 2019
    8:19pm
    For some, the work place as re-designed to suit political correctness, arrogate too much power to bosses, and to install the brave new world of the social scientists has been a minefield.

    .... and he who comes safe home will be a married one with a wife who works, and is without divorce or unplanned job breaks or sickness or injury.......

    Some of us have endured everything that wrecking a silly nation can throw at us.... I have no doubt that many are worse off than I am... I see it every day...

    When you offer to every person total control over their workplace, their place in society, their marital status, their clashes with the often criminally minded law, and their government in its often insane rush to implement silly wrecking ball things - then you can say that all have responsibility for their own life and outcomes....

    This nation needs to go back forty years and start again - from the time of the advent of the feminist revolution in all its insanity and narcissistic nastiness - and restore sanity to itself in many ways.
    MD
    21st Feb 2019
    9:46pm
    Nothing, but nothing can, will, has been or is attributable to a specific or singular cause!

    Time per se, is a vague concept. Any suggestion to revert/recycle a past point of which merely wishful thinking. Gender benders a no-go zone and sanity a state of mind and therefore highly unlikely to be capable of self restoration.

    The current self evident narcissism merely a sad reflection of a society too self engrossed in admiring its own image.
    LieDetector
    22nd Feb 2019
    2:51pm
    So, in response to jojozep we get the gospel according to John. How do you know? How do you know? The Canadians halted the F35 procurement because they rendered it a dud...uncompetitive against adversaries and a bottomless pit for taxpayers dollars. The new subs whenever that comes on stream will have a French connection that only the French can decipher and already Pyne is backtracking about Australian labour content on the basis that if the skills are not available here then "gotta look elsewhere..." Lead time for training etc but where do you access? And when Dutton was asked point blank not once but pressed about the refoes on Manus being child abusers, wife bashers, drug dealers and worse he stumbled, bumbled and couldn't identify any evidence. Why? Because his minders just ripped and gave him a page from Trump's crazy rants about Mexicans and he borrowed from that entirely just changing one word. $444,000,000 to a small disorganised entity on the Great Barrier Reef without tendering,and then $460,000,000 to an entity called Paladan registered to a shack on Kangaroo Is. at the end of a dirt track and 100,000,000 contract to the president of the federal Libs booking them into resorts but excluding the multiple $36,000 flights courtesy of the RAAF from Perth to Melb when a commercial one available and Joyce when water minister and Deputy PM telling irrigators in Victoria that he can "look the other way from time to time" should they want to siphon extra water from the Basin and Joe "the cucumber" Hockey paying homage to the owner of "HELLOHOLIDAYS" because he owes the guy a favour IS JUST THE TIP OF THE BERG....Go ahead JOHN, defend the snouts at the trough. I would vote for "FENCE POST" if on the ballot before any Liberal, National, Greenie, Pauline (the Burston Preditor), CLIVE(I don't owe 550 people who worked in my nickel smelter anything), Shotgun Lyinghelm, or...or...did I leave anyone out?.....One more thing....the Libs have since Fraser governed as a minority party. The Nationals are a minority party. Two minorities combined to form a government of minorities. Are they LIBERAL? Are they conservative? Tony says he's a consrvative. so...why isn't he sitting with CORY, leader of ONE in the parliament. Phone box has room for two. Are they NLP? LNP? CLPN? LGBTI? or just "Q"?
    Adrianus
    25th Feb 2019
    9:26am
    These changes may improve the lives of retirees? I don't know. But what does it matter? The other side will just say its a rort and needs to stop.
    We need politicians to stop asking us "how do you feel about that?" And start basing their decisions on real science and math. I say let's get back to reality.
    Anonymous
    28th Mar 2019
    7:22pm
    First they'd have to learn to understand FACTS and do math, Andrianus, and that's clearly beyond their limited ability. Labor can't even look at CURRENT data instead of 3-year old data that is totally obsolete and irrelevant.
    Adrianus
    25th Feb 2019
    9:26am
    These changes may improve the lives of retirees? I don't know. But what does it matter? The other side will just say its a rort and needs to stop.
    We need politicians to stop asking us "how do you feel about that?" And start basing their decisions on real science and math. I say let's get back to reality.


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