ONE YEAR SINCE ABBOTT’S PENSION LIE

Today marks one year since Tony Abbott first lied to Australian pensioners and promised that there would be:

 “no cuts or changes to pensions”

 TONY ABBOTT, ROOTY HILL PEOPLE’S FORUM, 28 AUG 2013

One year later Australian pensioners face having their pension cut by Tony Abbott.

Pensioners have been betrayed by this deceitful Prime Minister.

If Mr Abbott gets his way Australians will also have to work until they are 70 before receiving the pension.

The Parliamentary Budget Office (PBO) last week exposed the scope of the Abbott Government’s massive cuts to the Age Pension – a staggering $23 billion.

Yesterday in Question Time, Joe Hockey finally admitted the Abbott Government’s budget will result in massive cuts to the Age Pension.

“In 2024-25 according to the Parliamentary Budget Office instead of being $74.8 billion a year its $67.9 billion a year”

 JOE HOCKEY, HOUSE OF REPRESENTATIVES, 27 AUGUST 2014

This is a $6.9 billion cut in 2024/25 alone.

According to the Australian Council of Social Service (ACOSS) this year’s budget will mean pensioners will be around $80 a week worse off within ten years. 

Tony Abbott also plans to increase the pension age to 70 by 2035. This means Australians will have to work longer, and their pension will be significantly reduced when they finally do get to retire.

Australians took Mr Abbott at his word before the last election.

But one year after Tony Abbott promised no changes to pensions, it is clear that they have been betrayed.

Labor believes that pensioners who have worked hard all their lives and contributed so much to this country deserve the security of a decent pension.

That’s why Labor voted against Government legislation designed to cut pension indexation and increase the pension eligibility age to 70.

And it is why we will stand side-by-side with Australian pensioners and fight Tony Abbott’s cuts to the pension every step of the way.

SAYING ONE THING BEFORE THE ELECTION AND DOING THE OPPOSITE AFTER: 

What Tony Abbott said before the election:

“no cuts or changes to pensions”

TONY ABBOTT, ROOTY HILL PEOPLE’S FORUM, 28 AUG 2013

After the election announces:

  • Cut to the Age Pension by $80 a week within ten years by cutting pension indexation;
  • Cut to the deeming rate thresholds for seniors and veterans, which will leave them with lower pensions;
  • Raises the retirement age to 70.

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Centenary of Anzac

During the First World War between 1914 and 1918, more than 416,000 Australians enlisted voluntarily from a population of just five million.

330,000 ventured overseas. 60,000 never returned.

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