Coalition slammed in Senate for changes to aged pension

AUSTRALIA'S peak advocacy body for pensioners has condemned the Coalition majority in a Federal Senate committee reviewing changes to the age pension, saying they are willing to press on with "unfair and unnecessary changes".

COTA Australia chief Ian Yates said evidence presented to the committee should have led them to reject the changes outlined in the May Budget.

The changes include freezing eligibility thresholds, changing deeming rates thresholds, increasing the qualifying age to 70 and changing indexation rates.

Mr Yates is calling for an independent Retirement Incomes Review, which has been supported by many others including ACOSS, the Blueprint for an Ageing Australia, and the Interim Report of the Financial Systems Inquiry.

"Pensioners across Australia are extremely fearful of how they will manage if the Government's measures are passed by the Senate and their standard of living is reduced year by year after 2017," Mr Yates said.

"Targeting pensioners to this extent to make up many billions of dollars in budget savings is unfair, especially when there are other obvious ways to share the load more equitably if you look at the huge superannuation tax concessions given to higher income earners and more wealthy retirees, which cost the Budget more than the pension does." - APN NEWSDESK



Inside of brothel looks ‘like a bad 70s porno’

Premium Content Inside of brothel looks ‘like a bad 70s porno’

Our readers thoughts on running a brothel

‘Inventive and versatile’ performers needed

Premium Content ‘Inventive and versatile’ performers needed

Individual auditions will be held in May and they must be booked online.

Call to defer Murwillumbah school closures

Premium Content Call to defer Murwillumbah school closures

The Tweed Shire Council has called on the state defer the Murwillumbah Education...