CBB retweetledi

“A surge in retirements of public servants entitled to generous defined benefits schemes could undermine government plans to defer drawdown on the Future Fund, with the Department of Finance reporting that retirement benefits for former bureaucrats, parliamentarians and judges make up almost all of its $175.7bn in administered liabilities.
Amid ongoing warnings about the mammoth size of superannuation liabilities, The Australian can reveal the number of retirements from the Australian Public Service has soared at the same time as the Albanese government bureaucracy in June last year ballooned to 198,529.”
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The trough is never deep enough for these grifters is it?
That liability of $175 billion has been discounted for inflation but not indexed for wage increases.
In other words the true liability is much much higher. When I got it costed five years the undiscounted figure was $334 billion so it would be much higher now.
People First is the only party that has a policy to means test this bureaucratic junket.
Note in the clip I say 168, it should be 168,000.
If you want to help us rein it in please sign up today at Peoplefirstparty.au
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