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Pay everyone the full pension

Now if everyone was paid the full age pension the number of pensioners would increase to 2.37million( 1.85*100/78).

Dividing 18billion by 1.85million pensioners gives an annual pension of $9729.72 paid to each pensioner.

If the full pension is paid to 2.37million pensioners the cost would be $26.24billion($11073.40*2.37=$26.24bill.) and some of the extra cost would be recovered by the Government through taxes and savings on administration costs.

These figures are based on that time.

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  1. December 3rd, 2009 at 10:31 | #1

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  2. December 3rd, 2009 at 01:06 | #2

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  3. November 23rd, 2009 at 16:45 | #3

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  5. November 21st, 2009 at 12:31 | #5

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  6. November 18th, 2009 at 03:52 | #6

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  7. Schumaker
    August 7th, 2009 at 10:24 | #7

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    • April 2nd, 2010 at 15:54 | #8

      johann why do you think that the whole thing is very complicated?
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