Showing posts with label pension. Show all posts
Showing posts with label pension. Show all posts

Genetic Inheritance Important for a Long Life

Plants destroyed in australia
| Our DNA is the main factor to living to a very old age. Mum and Dad play the major part in a person's DNA. genetic screen inheritance words important letters long page life to genetic internet inheritance computer important long type life on
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Centenarian twins

Australian Immigrants Retiring to Home Countries

There was a joke going around in Adelaide in the 1960s when I lived there - all these Wogs will probably go home and live off of the Australian pension. Wog was a common term then. It referred to southern Mediterraneans, Greeks and Italians for example. English people were called Poms when immigrants were flooding in.

How a joke can become truth. People who have moved to Australia and indeed spent most of their lives here are going back to their home countries because of favorable exchange rates. Not so much the English. They seem to be staying here.

Between 2007 and 2012 the number of Australians living overseas and drawing the Aussie pension increased by 30 per cent. In the same period the overall number of Australian pensioners went up only 17 per cent. Recent changes in the budget will not affect those currently on the pension. Most will not be here when the pension age goes up to 70 years in 2035.

Most expatriates by far return to Italy and Greece in their twilight years. While the majority of citizens in Greece are doing it tough now, those on Australian pensions have guaranteed income. Others go to Spain and oddly, the Netherlands - there must be something tempting to move to a cold wet country from a hot dry one.

This group of baby boomers, however, will probably be the last ones to enjoy such a bonus. As people retire who have paid superannuation all their working lives it is inevitable that state funded pensions will be phased out. This is seldom admitted but it is the truth. Changes are being made now by government to ultimately benefit government.
Society by Ty Buchanan
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Pensioners Will Be Denied Income

Pensioners have gray hair. They are also entering a gray area, politically, socially and economically. Most people reaching pension age have never paid superannuation and others have only been paying it for a few years of their working lives. The amount saved by super is certainly not enough to live on. This group relies on the government to provide them with an income.

Calls are coming from all sides for an increase in the pension to a "livable" level. Basic costs like council rates, rents, electricity, gas, water and sewerage have gone through the roof in the last decade. There is no solid reason why this should be so. Electricity companies keep saying the old infrastructure has to be renewed. Surveys show they have actually over-spent, pushing the cost onto consumers.

Giving those who could afford solar power a massive discount for feeding electricity back into the grid is appalling political decision making. Pensioners could not afford solar. They are subsidizing the wealthy.

We are entering a tough period for older Australians. As time passes retiring workers will have full superannuation cover. What happens about those already on the government pension? When Paul Keating introduced compulsory superannuation it was with the intention of phasing out state funded pensions. Both sides of politics are pushing toward this. They are not planning to increase the pension by the needed $4,000 a year.
In the past the wandering tramp was common and this wasn't only during the depression. Nearly all of these were elderly. They could not afford to put a roof over their heads. Within a decade, such a social class will return. This time though they will join the homeless young who exist on unemployment benefit that it much lower than the pension.
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Society by Ty Buchanan
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UK Is Dishonest Not Paying Pensions

The battle goes on between Australia and the UK about the shortchanging of British people who were born, lived and worked in their homeland before emigrating. They paid their taxes and crucially paid there "stamp" every working week toward the state pension. However, the UK does not align payments with inflation for ex-pats living in "wealthy" countries, only those retiring in developing nations. UK governments, indeed previous governments of all political shades, have "stole" from these elderly people.

Today the British pension paid to those who emigrated permanently to Australia is worth a pittance. There is no way they could live on it. Australia has to make up the shortfall even if ex-Brits have lived in Australia for only a few years before retiring. This is disgraceful behavior from a supposedly civilized country. It certainly fails the Australian norm of a fair go.

On average the rate of pension paid to those living in the UK is more than double what ex-pats receive. Each recipient gets the British rate upon the day of retirement. This means those who live to an old age get a few pound a week.

The rule is not even consistent. Brits retiring in the US and Israel get inflationary increases. As Jim Tilley chairman of British Pensions in Australia (BPiA) says: "These guys are a bunch of hypocrites."
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No Sympathy for the Unemployed

Even though Australia is booming with the economic downturn hurting elsewhere, the unemployed are being targeted by the government. Several years ago pensioners were given a significant rise in payments. The unemployment rate remained the same. The "dole" is indexed to inflation, but it remains very low.

Youth Allowance is paid to young people to the age of 20, full-time student under 24, and also apprentices to this age. Those living at home receive A$110.15 a week (2010). Independent recipients get A$167.35. Living away from home, sharing the rent of a house could easily cost more than A$100.00 a week. Attending university would be just as expensive, so the burden falls on parents.

Newstart which is the actual "dole" paid to eligible unemployed workers over 18 years is A$228.00 a week. There are severe restrictions on getting the full amount. Recipients must sign an Unemployment Pathway Plan (Activity Agreement) where they are monitored and told to do certain activities in preparation for work. If they earn more than A$32.00 a week the benefit is reduced. It ends entirely when income reaches A$228.00.

Those who own a home must have assets valued below A$161.500 to receive the full rate. Non-homeowners can have A$278,500 of assets. More benefits are paid to people who have children. Rent assistance can also be obtained.

Conservative governments tend to be harder on dole recipients. John Howard, for example, toughened Activity Agreements. The present Labor government has not increased the unemployment rate. Obviously, sympathy for the unemployed is not important to them either. Labor has got rid of Work for the Dole for those unemployed for more than six months.

Government policy on all sides seems to be to keep the unemployed on their toes and anxious. Because there are few jobs available unless you move to the bush to mining companies, this appears to be the only purpose. learning to use computers, write resumes and do interviews serves no real function. Australia's workforce is becoming increasingly part-time and "casualized". Many work three days a week or less. Little research has been done into under-employment in this country.
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A Rethink Is Needed on the Elderly

Those involved in the aged care industry call for more money from government. Despite money being ploughed in and the rate of pension being increased it still isn't enough. But we need to take a close look at what is going on in the world. European countries are cutting back on pensions and health care, saying that governments cannot afford it. Perhaps residential aged care will always be unsustainable. Indexing of current payments will only keep up with inflation, and it appears the Government will not even do that.

In ages passed the family cared for the elderly. Aged parents spent their day sat in the armchair by an open fire. They got bread and cheese if they were lucky and they certainly didn't enjoy an income. Too infirm to work their daily tasks involved caring for the toddlers in the family. They were seen as assets not liabilities.

Society has changed. Many adult children today do not even visit their parents. Child care is sourced privately. But these same children do not take kindly to parents mortgaging the family home and living better in old age. This is unfortunate. Perhaps the Government is too paternal. It seems in Europe that reality has put a check on welfare. Maybe a return to old ways will be forced on us.
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