Pension

Greens senator David Shoebridge introduced the bill in light of former governor-general Dr Peter Hollingsworth’s mishandling of abuse complaints within the Anglican church.

Scott Morrison has moved to close a defined benefit super ‘loophole’. They might have thought they’d be left alone in retirement, but thousands of former state bureaucrats got one more blast from the tabloid press yesterday.

Reform of asset deeming must go beyond recent changes proposed by the government. It’s a modest budget saving and doesn’t ensure the pension goes to those who need it most.

Having purpose in retirement is important to public servants. Lifestyle options around future work, volunteering, travel, housing and location have major implications for financial planning.