Rethinking pension policies

rethinking-pension-policies

Politicians are floating a raft of ideas to cope with the ageing population. One, means testing the family home, has administrative implications.

PENSIONERS have had a scary week. Senator David Leyonhjelm started the ball rolling with a major newspaper article in which he stated: ‘‘We are not entitled to an age pension merely because we have paid taxes all our life. Pensions are not for everyone; fundamentally they are welfare reserved for the poor.’’

He then pulled out the old chestnut about pensioners living in multimillion-dollar houses while drawing the full pension. His solution for them was to…

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