The generous history of pensions

Canberra has given and given to pensioners, often liberally, and only rarely taken away. Even if Joe Hockey bucks that trend it won’t help the budget now.

We can all be grateful that Bob Carr has finally retired at 66; imagine the cost to the nation if he worked to the age of 70.

After a good few days of hilarity over the Bob Carr diaries it was back to earth yesterday as the rapidly greying Treasurer Joe Hockey warned that the retirement age would have to increase beyond the 67 to which it is increasing already.

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