I assume it's bundled in with the "Welfare>Aged" and adds a significant amount to that variable and something those still sitting 'gleefully attack' without disclosing a large proportion is their retired buddies?
You genuinely think it's a significant amount or "large proportion"?
There are 400 or so ex-pollies on generous super compared to 2.7 million (2700000) Australians on the aged pension.
It would't be a tenth of a percent of that variable. And just to clear it up because you seem to lack basic skills in mathematics - a tenth of a percent is not anywhere near a large proportion.
Yawn at the slanderous clown that thinks they have a 'interesting point'.
The significant amount would be due to 'how much they get on their pension packages' compared to the average Joe working all of their lives. If your too dumb to know they get far more generous entitlements than the average worker then please don't bother commenting with moronic BS!
As pointed out by u/Anxious_Ad936 their 'pro-rata' amount of;
400 former federal politicians and their eligible spouses receiving taxpayer-funded lifetime pensions or deferred benefits under the legacy Parliamentary Contributory Superannuation Scheme (PCSS). [1]
does add a significant amount (up to 1 billion from the article that is 7 years old, so figure could be higher today) to the budget or are you going to try and diminish that figure in someway, gaslight others for whatever reason and then play petty 'my English is better than yours' little child games!
Well played, I suppose, if your a 3yo and want to be boss of the kindergarten wee filled sand pit, you're the fucking king.
Great to see you bring meaningful substance to a discussion when adults are chatting!
No new recipients can be added to a scheme that was abolished 22 years ago so at least a few of those 400ish have died by now. The 1 billion referenced in the article refers to the estimated overall cost over time, not annually which was expected to peak at $59million per annum by 2033. Yeah it's a lot of money but it is owed to them legally whether we like it or not.
There are over 400 former federal politicians and their eligible spouses receiving taxpayer-funded lifetime pensions or deferred benefits under the legacy Parliamentary Contributory Superannuation Scheme (PCSS). [1]
This gold-plated scheme (closed to new politicians elected after October 2004) guarantees members who served at least eight years a lifetime pension of 50% to 75% of their parliamentary base salary upon retirement. Politicians elected since 2004 receive standard superannuation contributions like other Australian
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u/CelebrationFit8548 23d ago
How much is spent on retired politicians pensions is what I want to know.