If the rumours are correct, the federal government is considering a complex but far-reaching change to pension payments

WITH THE federal budget looming, Joe Hockey has flagged two possible changes to pensions. The first, raising the age at which individuals become eligible for the age pension to seventy years, has attracted widespread media coverage, in part because its impact is easy to grasp. The second, modifying the indexation of pensions, has received relatively little scrutiny, yet represents a profound structural reform. It would affect not only senior citizens, but also those receiving a disability support pension or the carer payment…

Read the full article