A delicate legal and accounting exercise awaits Labor as it moves to include tens of thousands of former public servants and politicians in changes to retirement saving rules.
A delicate legal and accounting exercise awaits the Albanese government as it moves to include tens of thousands of former public servants and politicians in, with the possibility retired judges could remain unaffected.
The schemes were common in the public sector and local government until the 1990s and also cover retirees from the university sector and other employment groups. Recipients can continue to receive income from other employment under the defined benefit rules. Estimates by superannuation experts suggest Mr Albanese’s post-political pension could be worth more than $10 million, based on a $400,000 annual pension over about 20 years of retirement.
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