MPs who retired this year receive enormous pensions

It’s been a shaky start to the year for parliament with 22 federal politicians announcing their imminent retirement. While quitting
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It’s been a shaky start to the year for parliament with 22 federal politicians announcing their imminent retirement.

While quitting your job can often be cause for detailed planning and worrying over finances, things are sure to be easier for these pollies who will receive at least $118,000 per year for their pension.

Many of the outgoing politicians will be paid even more than that with added bonuses like a Life Gold Pass, which entitles them to 10 taxpayer-funded business-class return flights a year.

This version of the pension is available to politicians who were elected before 2004 and costs taxpayers over $40 million each year.

There have been calls for the allowance to be cut to a reduced rate by some voters, but others argue it is a realistic reward for years of serving the country.

Former deputy prime minister Warren Truss and Coalition ministers Ian Macfarlane and Philip Ruddock will benefit the most from the scheme, grossing between $150,000 and $200,000 a year.

Former Labor politicians Anna Burke, Joe Ludwig, Laurie Ferguson, Alan Griffin, Bernie Ripoll and Jan McLucas will also take home an extra-large serving of the pension, with all five set to benefit from the scheme.

The revelations have outraged many pensioners around Australia who are struggling to meet the cost of living on their pension allowance.

A report released earlier this year found the current pension was not enough to cover costs for many seniors and recommended the government urgently look into rectifying the issue.

The government is yet to confirm whether or not it will review the pension in the next budget and election.

In the meantime, pensioners are expected to make do on what they are given.

What do you think about the politicians’ pension allowance? Do you think it is fair or should they be paid less?

  1. Sandy Swinson  

    Definitely unfair for the average pensioner. Why should politicians receive large sums of money like this after they have left politics. The normal person who retires either has to live on their super contributions or if they don’t have this rely on the small amount that the Government gives them. Also the government is always looking at ways to reduce the pension but always seem to look after themselves while doing this.

    • Colleen  

      Should get the same as we do! By now the laws have got to change!

  2. Peter Pearson  

    They can retire when they want, we have to wait till were 65 (and going up by 6 months every 2 years till it reaches 67) can’t touch super till we’re 60 can’t touch any old age pension till we reach actual retirement age where’s the equality?

  3. A L Sydney  

    You know anyone can be a politician, there are no particular qualifications required, yet it is a truly thankless job. No matter what decision you make you are bound to upset someone. No matter what party you belong to, 50% of the population will be unable to support you no matter how good a job you are doing because it is not the party they support. A politician is expected to attend community events in the evenings and on weekends, their lives open to scrutiny by all and sundry, no real privacy. There is no security of tenure – every 3 – 4 years you have to hit the hustings again and ask for another term.

    So, if you think they are overpaid or over compensated, why don’t you walk a mile in their shoes and see if you still feel the same way. (No, I am not a politician or related to one, I just think it is wrong to begrudge someone receiving something because you want it too, but you don’t want to put in the hard yards to get it).

    • Billie  

      I agree A L Sydney. Are your lives without blemish? I certainly hope they are because I am sure that you like your privacy and wouldn’t like any of your misdemenours to be across the front of the newspapers or discussed on TV.
      Would you like to be on call 7 days a week, could you smile for hours when your family might have serious issues at home to attend? No security of tenure for your devotion to the cause.
      They earnt their retirement and you greedy ppl should get your head together before it explodes.

    • Lesley Rhoden  

      I believe this was introduced because at the time it was true that politicians had no security of tenure whereas most of the working population did. These days noone has job security so there seems to be nothing to justify these over generous payments. To get a better calibre of candidates I would like to see them paid more while they are in office but get the same super as everyone else without extra benefits for anyone other than ex PMs. They should not be able to access their super any earlier than anyone else can.

    • Mick Scurr  

      They did not get into politics by accident,it was their choice .I did not work for 45 Years and pay taxes it was my choice .So why should they choose how much their pensions should be ,why should they choose retirement before 65 ,free gold pass (1st Class ) trips , different rules to their super ? Need I go on.

  4. Lyn  

    What about the service men and woman who fought and protected this country for many years. They do not get large pensions some of these people cannot even afford to get the help they need….pollies should be entitled to the same pensions as everyone else……why should the working class people have to pay taxes to support them on the pensions they feel they deserve…..

  5. Rob  

    A pensioner who did hard manual labour all their lives without the benefit of employer pension contributions is allowed to earn a measly $120 a week before their pension is cut by 50 cents for each dollar they earn over the limit. A politician can upon retirement access their pension immediately and take a job as a consultant, go back into their law practice or take a job as a C E O without any limitations on how much they can earn. Not only that their Pension is tied to increases granted to Politicians and public servants while ours is tied to the cost of living. Anyone else think it is a double standard

  6. roy bridges  

    This is rubbish , to get $150,000 a year you would need at least $3,000,000 should be capped. This is also linked to cpi .
    They should be like everyone else ,they don’t work any harder than most other people ,they get well payed for what they do .

  7. Joy Anne Bourke  

    A.L.Sydney you are way out of touch. DEFINITELY NOT FAIR AND SHOULD GET SAME PENSION AS PENSIONERS OR IF STILL ABLE TO WORK NO PENION. We worked 45 years and I did work around the clock working 2-3 jobs a week so what is the difference.
    AS MENTIONED BEFORE MANY TIMES ALL POLITIANS ONCE LEFT SHOULD ONLY RECEIVE THE SAME PENSION AS PENSIONERS. NO MORE. HERE THEY ARE TRYING TO TAKE MORE FROM PENSIONERS AND YET I SEE THEY ARE LOOKING AFTER THEMSELVES.
    THANKS ROB HOW CORRECT YOU ARE. PENSIONERS NEED THE INCREASE AND NOT JUST TIED TO COST OF LIVING BECAUSE MOST OF THE TIME THAT IS WRONG. RENTS ARE INFLATED AND WE ONLY RECEIVE RENTAL ASSISTANCE OF $125 P/F THIS SHOULD BE AT LEAST $125 P.W I PAY $600 P/F NOT MUCH LEFT – NOT MUCH LEFT FOR HAIRDRESSER, GOING OUT FOR A MEAL AFTER ALL THE BILLS ARE PAID.

  8. Noel Baxendell  

    It is only the longer-serving MPs who are covered by the generous scheme. Newer MPs a in a newer scheme (due to an initiative of Mark Latham) which is aligned to the superannuation of all other workers. It would be difficult to take away entitelemtns from those politicians currently covered by the old scheme. But we can insist that all those receiving a pension do not work (a requirement preventing other workers from using their super early. I stop giving failed poliiticians public service and foreign service jobs (like Joe Hockey).

  9. Most of us have worked a full life and we have a battle to keep even our superannuation as the gvnt would like to get their hands on that as well. Sure, some of them have worked very hard and the job is not easy by any means. However a review is in order. We have all had to tighten our belts, but it seams that there are always exceptions to the rule, especially where the hirerachi are concerned.
    Australia Simply can’t afford expenditure that is questionable.

  10. How much can we reduce our costs for everyday living expenses. I fear calling an electrician to rectify my outside lighting that has ceased to work. YES house upkeep and maintenance needs do not stop and there are no fairies to help. While politicians retire on riches the never ending situation doesn’t change.

  11. Pauline  

    They should live on what the ordinary pensioner lives on – but of course they could not do that – it’s another us and them situation.

  12. Wendy  

    10 taxpayers business class tickets per year.WHY.
    Some people never get to fly in their lifetimes. They should pay for their flights from their very generous pension.
    This the reason we pay too much tax.

    • Eric  

      They are all in it to line their pockets for when they retire. Yesterday at Holmeview Woolworths 5 of March 🚁✈I asked Bert van Mann mp for Ford in QLD if he was prepared to take a wage cut seeing as J Hockey said the time of entitlement was over and he SAID WHY SHOULD HE 🚁✈.

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