Budget 2017: pension age increase remains on the table

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A raft of old Budget measures that failed to pass the Senate have finally been culled, at a cost of $13.9 billion – but it’s the one that wasn’t we should be worried about. 

Plans to increase Age Pension eligibility age from 67 to 70 by 2035 are still in the pipeline, with this being the one piece of zombie legislation that survived the cull. The Government clearly still has belief that it can pass this measure, due to commence in 2025. However, as it’s not included in the four-year forward Budget estimates, there is also little to be gained by getting rid of it just now. Perhaps a pre-election sweetener in one of the next two Budgets would be better timing.

From Budget: Measure
2014-15 Pensioner Education Supplement – cessation
2014-15 Pharmaceutical Benefits Scheme – increase in co-payments and safety net thresholds
2014-15 Simplifying Medicare safety net arrangements
2014-15 Stronger Compliance Arrangements for Job Seekers who Refuse or Persistently Fail to Meet Requirements
2015-16 Australian Working Life Residence – tightening of proportionality arrangements
2015-16 Growing Jobs and Small Business – Youth Employment Strategy – revised waiting period for youth income support
2015-16 Pharmaceutical Benefits Scheme – increase in the safety net thresholds on 1 January 2019
2015-16 Growing Jobs and Small Business – further strengthening the job seeker compliance arrangements
2015-16 Addressing Welfare Reliance in Remote Communities
2015-16 Phasing out end of year supplements and limiting FTB Part B to single parents with youngest child aged under 17 years
2015-16 Reducing FTB Part B for single parents with youngest child aged 13-16
2015-16 Changes to diagnostic imaging and pathology services bulk billing incentives
2015-16 Paid Parental Leave – removing the mandatory obligation for employers to administer payments
2016-17 Revised arrangements for Commonwealth Dental Funding
2016-17 Families Package – child care – Workforce Participation Scheme

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Written by Debbie McTaggart

4 Comments

Total Comments: 4
  1. 0
    0

    Our governments are so good at wasting billions of dollars of tax payers money!

  2. 0
    0

    You want a policy statement on each one?

    PES is a good thing for a future of a full employment economy – Jobson Growthe. It’s abolition is acceptance of the failure to provide Jobson Growthe.

    PBS – sting those with the least again, and especially if they need more meds than most.

    Medicare – let’s see the details first.

    Job requirements – how do you fail a test in a no jobs environment? Does punishing a person with less living income mean they will dress better or have more cash for travel? Or will they simply eat cake?

    Residency and Social Security – need to carefully differentiate between immigrants and indigent refugees. Immigrants should be able to sustain themselves – refugees often have nothing but the clothes they stand in – are we to starve them like their old country did? Perhaps we should shoot them instead…. chop them with machetes… more merciful…

    Increasing youth waiting time for social security – so this will suddenly mean small business will ‘grow’ and need to employ more people? Pie in the sky. It is more likely such a move will make young job seekers more vulnerable and open to exploitation.

    Increasing PBS safety net – they’re gonna do this twice? OK…. sounds about right….

    Increasing job seeker compliance – so this will suddenly mean small business will ‘grow’ and need to employ more people? Pie in the sky.

    HOW are they going to address SS reliance in remote communities?

    Limiting Family Tax Benefit at a time of highest cost for child and education etc – just as they are entering young adulthood. That’ll really help in the pursuit of giving a little more equitable handling for those with the least.

    Changes to diagnostic etc sounds sinister… means you’ll pay more.

    Paid Parental Leave – how is removing the duty on employers going to make a difference to costing? Is there some massive enforcement agency out there working day and night?

    Changes to Commonwealth dental funding – sounds sinister – let the bastard’s teeth drop out.. it’s their own fault, innit?

    Families Package – child care – Workforce Participation Scheme – child care is a cost to all – workforce participation targets only certain groups and leave the rest in the cold, thus amplifying the current divides within this society and nation. What is needed is a triage system for participation in the workforce, starting with first call is the single unemployed with children and moving up the scale.

    Bloody socialist that bloody Trebor…. left wing fanatic and despiser of those who’ve got more etc…. just getting in early before The Usual Suspects arrive to tell us all about their wonderful life as the self-appointed ‘better class’. For the record – the one that perhaps affects me most is dental care – badly needed… and costly… followed by diagnostics.. bloody specialists already gouge too much, so without free diagnostics it become impossible to retain health.

    • 0
      0

      Many good points, TREBOR.
      I especially resonated with your 7th paragraph “Increasing youth waiting time for social security – so this will suddenly mean small business will ‘grow’ and need to employ more people? Pie in the sky. It is more likely such a move will make young job seekers more vulnerable and open to exploitation.”
      That last line “make young job seekers more vulnerable and open to exploitation” is such a worry in our casualised, part-time, no-security work environment in today’s labour market. So many people are underemployed and as such, have become the working poor. They have no time to seek a proper, full-time job because they are called in to work for 4-hour shifts every day. They never get a day off and they never have enough money. They can’t take a holiday and they don’t get paid if they are too sick to work. They earn too much per quarter to be able to claim low income benefits, such as a health care card. It really sucks. I’m glad I’m not looking for work and grateful I’m self employed. And it’s not just young people copping this poor show. Most rich people have no idea what it’s like out there.

  3. 0
    0

    Medications on PBS seem to go up Jan 1 each year.
    How often are we told they are going to be increased?


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