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ACPSRO Correspondence

September 4th, 2009 2 comments

This concerns mainly the members of ACPSRO affiliated Associations; SCOA, SA Superannuants and others.

To
ACPSRO
19 Drevermann ST
Farrer ACT 2607 

23’th.Nov.2008

Dear Sir/Madam.

In the Report ACPSRO held on the 22’nd.Oct.2008 in Paragraph 23.when R.Hickman raised the matter of a universal age pension, the response was as follow:

John Paule reminded the meeting that ACPSRO agreed several years ago that:
(a)    we would not pursue any matter outside the interests of our constitution members.
(b)   We would not pursue matters that do not have a reasonable chance of success.

As far as (a) is concerned the fact that the majority of the members of the Associations affiliated with ACPSRO on super of less than $30,000 per annum are very much affected by the means test of the age pension, a universal age pension is very much in the members interest.

As far as (b) is concerned, could John Paule inform me and all the members affiliated with ACPSRO what have the Associations  under the guidance of ACPSRO achieved in the last two decades?

Yours truly
Hawil
Membership officer

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“The retirement outlook due for reality check”

August 30th, 2009 No comments

In his article “The retirement outlook due for reality check” Australian Financial Review (AFR) 22-23 Aug 2009 page 41 Barrie Dunstan writes that Ken Henry is toying with the idea of the government offering annuities by the government in return for handing over the super capital to the government.

Now why would anybody hand over his/her capital for an annuity when that annuity could be swallowed by the meanest “Means Test” that Centrelink applies for an age-pension, which is 50% reduction in Centrelink pension and if the retiree has to pay tax, the total reduction can be $0.815 in every dollar of an income which is barely above poverty level.

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