Age pension
Alternative labels
Old age pension
Aged pension
Age pension in Australia
Report
Administration of the age pension
The age pension is the government’s means tested income support for eligible seniors. It is a significant component of Australian Government expenditure. This audit provides assurance to Parliament on the Department of Social Services’ (DSS) and Services Australia's administration of the age pension. It finds the DSS’s oversight of the age pension is partly effective.
Briefing paper
Super and the Australian economy
Australia’s compulsory superannuation system is delivering relief to both the federal and household budgets and insulating retirees and the country against economic instability. This paper explores the role that Australia’s superannuation system plays in supporting Australia’s economic growth, investment in infrastructure and Australia’s energy transition.
Briefing paper
Intergenerational impacts of pension reforms on fertility
This paper investigates an underexplored trade-off in policy design: how measures encouraging work among the older population can unintentionally impact their offspring’s fertility rates. It finds that the unintended impact on the birth rate is comparable to that observed with the introduction of paid parental leave policies.
Discussion paper
Lessons from across the Tasman: comparing the Australian and New Zealand retirement income systems
This paper compares the retirement income systems of Australia and New Zealand across metrics including adequacy, equity, and sustainability. It finds that Australia's compulsory contribution structure is very effective but that New Zealand's system promotes greater income equality and incentivises older people to stay in the workforce longer.
Report
Reducing poverty in retirement: the pension systems of Australia, Sweden and Norway
This report compares Australia’s superannuation scheme and Age Pension program with the pension systems of Sweden and Norway to show that the mostly public systems of these Nordic Countries are more effective at ensuring income security for retirees. Compared to both Sweden and Norway, Australia has a significantly higher poverty rate among people in retirement.