LIBERALS ARE THE PARTY OF PENSION CUTS

January 09, 2017


The Liberal Party is the Party of pension cuts after yesterday’s MYEFO confirmed that the Turnbull Government will make yet more cuts to the Age Pension - this time stripping pensioners of the pension supplement if they spend more than six weeks overseas.

Before the 2013 election the Liberals promised “no cuts to pensions”.

 

Then in every single Budget the Liberals have tried to cut the pension. 

 

In the 2014 Budget they tried to cut pension indexation – a cut that would have meant pensioners would be forced to live on $80 a week less within ten years.

 

In the 2014 Budget they cut $1 billion from pensioner concessions – support designed to help pensioners with the cost of living.

 

In 2015 the Liberals did a deal with the Greens to cut the pension to around 330,000 pensioners by changing the pension assets test. 

 

The Liberals still want to increase the pension age to 70 – meaning Australia would have the oldest pension age in the developed world.

 

The Liberals still want to abolish the Energy Supplement to pensioners – a cut of $14.10 per fortnight to single pensioners or $365 a year. Couple pensioners will be $21.20 a fortnight worse off or around $550 a year worse off.

 

On top of all that around 190,000 pensioners will have their pension cut as a result of Malcolm Turnbull’s plan to limit overseas travel for Australian pensioners.

 

The Liberal Party is the Party of pension cuts.

 

TUESDAY, 20 DECEMBER 2016

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