Tuesday Jul 11, 2023

The raised pension age, with Simon Cowan

In this TARGET 30 Research Report CIS modelling shows that reforming the pension could deliver income gains of more than $5,900 a year to almost 98% of pensioners. These reforms would also reduce the cost of the pension by $14.5 billion a year. “With four out of every five retirees on the pension, and pensioners with over a million dollars in assets getting the same payment as those with almost nothing, the pension clearly needs reform,” says Simon Cowan, research fellow and co-author of the report,The Age Old Problem of Old Age: Fixing the Pension. Read more here: https://www.cis.org.au/publication/the-age-old-problem-of-old-age-fixing-the-pension-2/ Join our telegram channel here: https://t.me/centreforindependentstudies 5YSGGR2Q2GNZSKOF

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