Retirement income review

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Today the Government released the Terms of Reference for its review of the retirement income system.

Labor will engage with the Review as appropriate.

After six years of attacks on retirees and older Australians, Scott Morrison and Josh Frydenberg must rule out the possibility that this review will become a stalking horse for cutting the pension, including the family home in the pension asset test, and further delaying the legislated increase in the Superannuation Guarantee to 12 per cent.

This Liberal Government has a dismal record on pensions and superannuation.

In their three terms, the Liberals have tried time and time again to gut the incomes of retirees and pensioners by cutting the pension, trying to increase the pension age to 70, and delaying the increase to the Superannuation Guarantee.

Attacks on the pension and superannuation are in their DNA.

Jim Chalmers, Linda Burney & Stephen Jones

Media release - Friday, 27 September 2019