$1,000,000,000 for 60 politicians pensions???

Politicians pensions what a rort!

After the next election 60 politicians will be on the defined benefits pension scheme which is only for those elected before 2004.

Say their average age is 60 and they live to the average of 83yrs (they mostly male) that will be $996,000,000.00. That’s $80.00 from every person who filed a tax return in 2017 AND it does count other schemes or allowances or extra pension for ex-ministers!

They can also earn other income and it’s NOT means tested!

labour market aigist

Labour Market For August | Hours Worked Fall Again Only Part Time Jobs Created

Labour Market Hours Worked Are The Key Number for Property Investors

Labour Market figures show hours worked are down and wages rises not keeping pace with inflation. Property investors need to take notice of these numbers as they show the importance of have blue chip long term tenants.

Unemployment eases to 5.6 per cent, but full-time jobs lost – ABC News (Australian Broadcasting Corporation)

Key points:

Unemployment falls to 5.6pc in July after June figure revised up to 5.7pc
27,900 jobs were added to the economy last month: an increase of 48,200 in part-time, a fall of 20,300 full-time jobs
The proportion of the population in employment is the highest since April 2013 Via abc.net.au

 

labour market 2017

Labour Market Statistics by state