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Pension Increase

By John Hargreaves 4 July 2014 35

For the information of fellow Rioters, I go a letter in the mail today letting me know that my CSS pension (earnt over 30 years in the public service before I went into politics) had been increased. Imagine my joy.. and that of my local café owner, who has the best coffee in Wanniassa.

My pension went up 1.3%! For me that meant in rough terms $4 a week! I don’t know what I will do with this untold wealth! Two schooners of Dogbolter Dark Ale cost $15.30 at the Kingston Pub…(I was on a business lunch and paying for myself and my mate).

What about the people on less CSS benefits than me? 1.3% is so under the cost of living to be unimaginable. So much for the well off!

When will the pollies on $190k and above wake up to what it is like to get an increase of $4 a week?

I don’t complain, cos I can make do,thank you very much, but I do worry about the others… I was an EL1 (SOGC) when I got out, what about the ASO 4s and 5s?

Anyone else feeling a bit ripped off?

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Masquara 7:33 pm 15 Jul 14

John Hargreaves Ex MLA said :

dungfungus said :

Masquara said :

John Hargreaves Ex MLA said :

chewy14 said :

John Hargreaves Ex MLA said :

dungfungus said :

bronal said :

rommeldog56 said :

Similar. CPI increase in PSS pension of 1.3%.

Gross $ increase = $19-51pf.

But, nett $ increase = $5-51pf.

So much for CPI.

Maybe the extra tax for the National Disability Insurance Scheme (NDIS) which started on 1/7/14 has something to do with it ?

Yes, and it’s interesting that there isn’t a single mention of the NDIS levy in the information sheets that come with the pension statements. The NDIS levy is the major reason that the actual increase in most peoples’ pensions is so low.

Well, clearly this is Tony Abbott’s fault again.

In a reply to all the rioters so far, I contacted the CSSS people for an explanation and all that they could tell me was that the ATO had released new tax tables for PAYG and that the medicare levy had gone up from 1.5% to 2%. They then produced figures to substantiate the arithmetic I had already given them.

so…gross increase $36, tax increase $28, net increase $8. Gonna spend it all at once!

Oh so now it’s Pensioners Vs Disabled, who’s more worthy?

Sort of makes the OP a bit redundant unless John wants to complain about the NDIS.

My point here is not so much a choice between types of pensioners rather that if my pension with the CSS, which I am happy with, can suffer with the kinds of ratios I showed, how do people on pensions on the poverty line get on and I don’t care what type of pension they are getting.

John why do you only mention your CSS public service pension – and never your very generous MLA super that allows you to double-dip? You aren’t receiving that?

I know a couple of ex-MLAs who took the lump sum. Perhaps they had some idea about the future reliability of the MLA pension.

For the information of some, when I went into the Assembly, there was no pension available and I had to freeze my CSSS contributions. There was a lump sum paid at the conclusion of service which in my case was OK. For some however, they couldn’t draw it until age 55 or so.

The oft heard comment that MLAs get a nice heavy pension is a fallacy. I don’t know what happens now cos they were to change things at the time I left.

In relation to double dipping, I can’t see this being right if I have a CSS pension for my 30 years service with one employer and a lump sum for the15 years with another. Wanna tell me how that is double dipping?

No grumble from me about my circumstances. I spent twice as much time in the public service as in the Assembly and so feel entitled to my CSS pension as do other friends who have retired from that service.

I guess reluctant and gradual disclosure is disclosure! Pretty hefty lump sum I believe. Like, more than the CSS would have earnt you!

John Hargreaves Ex MLA 11:16 am 15 Jul 14

dungfungus said :

Masquara said :

John Hargreaves Ex MLA said :

chewy14 said :

John Hargreaves Ex MLA said :

dungfungus said :

bronal said :

rommeldog56 said :

Similar. CPI increase in PSS pension of 1.3%.

Gross $ increase = $19-51pf.

But, nett $ increase = $5-51pf.

So much for CPI.

Maybe the extra tax for the National Disability Insurance Scheme (NDIS) which started on 1/7/14 has something to do with it ?

Yes, and it’s interesting that there isn’t a single mention of the NDIS levy in the information sheets that come with the pension statements. The NDIS levy is the major reason that the actual increase in most peoples’ pensions is so low.

Well, clearly this is Tony Abbott’s fault again.

In a reply to all the rioters so far, I contacted the CSSS people for an explanation and all that they could tell me was that the ATO had released new tax tables for PAYG and that the medicare levy had gone up from 1.5% to 2%. They then produced figures to substantiate the arithmetic I had already given them.

so…gross increase $36, tax increase $28, net increase $8. Gonna spend it all at once!

Oh so now it’s Pensioners Vs Disabled, who’s more worthy?

Sort of makes the OP a bit redundant unless John wants to complain about the NDIS.

My point here is not so much a choice between types of pensioners rather that if my pension with the CSS, which I am happy with, can suffer with the kinds of ratios I showed, how do people on pensions on the poverty line get on and I don’t care what type of pension they are getting.

John why do you only mention your CSS public service pension – and never your very generous MLA super that allows you to double-dip? You aren’t receiving that?

I know a couple of ex-MLAs who took the lump sum. Perhaps they had some idea about the future reliability of the MLA pension.

For the information of some, when I went into the Assembly, there was no pension available and I had to freeze my CSSS contributions. There was a lump sum paid at the conclusion of service which in my case was OK. For some however, they couldn’t draw it until age 55 or so.

The oft heard comment that MLAs get a nice heavy pension is a fallacy. I don’t know what happens now cos they were to change things at the time I left.

In relation to double dipping, I can’t see this being right if I have a CSS pension for my 30 years service with one employer and a lump sum for the15 years with another. Wanna tell me how that is double dipping?

No grumble from me about my circumstances. I spent twice as much time in the public service as in the Assembly and so feel entitled to my CSS pension as do other friends who have retired from that service.

switch 10:14 am 15 Jul 14

watto23 said :

I honestly don’t think either major political party have got a clue on this right now, instead choosing to blindly follow their ideologies rather than genuinely looking at problems and the solutions.

Some things never change.

watto23 9:53 am 15 Jul 14

While I completely understand the issue, many people in the ACT especially those in private sector don’t even get annual pay rises. Of course when everyone gets annual pay rises it puts inflationary pressure on costs which then also rise. The only thing a person on a pension can hope for IMO is that their standard of living is maintained during retirement. Not sure how that is best managed of course. That said If i averaged a 1% pa payrise the last 5 years i’d be paid more than I get now. the benefit for me is I still have at least 20 more years in the workforce.

Compared to say 15 years ago, where I was taxed more had to pay less for so many things and now where i’m taxed less but everything costs a lot more, I don’t think my actual standard of living has changed that much. In fact I could afford a new car 12 years ago. I’m looking at replacing my car, but it doesn’t look like I can afford one now, well not as easily, yet my pay is well over double what I got then.

I honestly don’t think either major political party have got a clue on this right now, instead choosing to blindly follow their ideologies rather than genuinely looking at problems and the solutions.

dungfungus 8:56 pm 14 Jul 14

Masquara said :

John Hargreaves Ex MLA said :

chewy14 said :

John Hargreaves Ex MLA said :

dungfungus said :

bronal said :

rommeldog56 said :

Similar. CPI increase in PSS pension of 1.3%.

Gross $ increase = $19-51pf.

But, nett $ increase = $5-51pf.

So much for CPI.

Maybe the extra tax for the National Disability Insurance Scheme (NDIS) which started on 1/7/14 has something to do with it ?

Yes, and it’s interesting that there isn’t a single mention of the NDIS levy in the information sheets that come with the pension statements. The NDIS levy is the major reason that the actual increase in most peoples’ pensions is so low.

Well, clearly this is Tony Abbott’s fault again.

In a reply to all the rioters so far, I contacted the CSSS people for an explanation and all that they could tell me was that the ATO had released new tax tables for PAYG and that the medicare levy had gone up from 1.5% to 2%. They then produced figures to substantiate the arithmetic I had already given them.

so…gross increase $36, tax increase $28, net increase $8. Gonna spend it all at once!

Oh so now it’s Pensioners Vs Disabled, who’s more worthy?

Sort of makes the OP a bit redundant unless John wants to complain about the NDIS.

My point here is not so much a choice between types of pensioners rather that if my pension with the CSS, which I am happy with, can suffer with the kinds of ratios I showed, how do people on pensions on the poverty line get on and I don’t care what type of pension they are getting.

John why do you only mention your CSS public service pension – and never your very generous MLA super that allows you to double-dip? You aren’t receiving that?

I know a couple of ex-MLAs who took the lump sum. Perhaps they had some idea about the future reliability of the MLA pension.

Masquara 7:27 pm 14 Jul 14

John Hargreaves Ex MLA said :

chewy14 said :

John Hargreaves Ex MLA said :

dungfungus said :

bronal said :

rommeldog56 said :

Similar. CPI increase in PSS pension of 1.3%.

Gross $ increase = $19-51pf.

But, nett $ increase = $5-51pf.

So much for CPI.

Maybe the extra tax for the National Disability Insurance Scheme (NDIS) which started on 1/7/14 has something to do with it ?

Yes, and it’s interesting that there isn’t a single mention of the NDIS levy in the information sheets that come with the pension statements. The NDIS levy is the major reason that the actual increase in most peoples’ pensions is so low.

Well, clearly this is Tony Abbott’s fault again.

In a reply to all the rioters so far, I contacted the CSSS people for an explanation and all that they could tell me was that the ATO had released new tax tables for PAYG and that the medicare levy had gone up from 1.5% to 2%. They then produced figures to substantiate the arithmetic I had already given them.

so…gross increase $36, tax increase $28, net increase $8. Gonna spend it all at once!

Oh so now it’s Pensioners Vs Disabled, who’s more worthy?

Sort of makes the OP a bit redundant unless John wants to complain about the NDIS.

My point here is not so much a choice between types of pensioners rather that if my pension with the CSS, which I am happy with, can suffer with the kinds of ratios I showed, how do people on pensions on the poverty line get on and I don’t care what type of pension they are getting.

John why do you only mention your CSS public service pension – and never your very generous MLA super that allows you to double-dip? You aren’t receiving that?

gazket 3:33 pm 14 Jul 14

how do you think the pensioners are getting on. They’re sitting in the dark and cold to scared to turn the heater and lights on eating rice and baked beans.

If they’re drinking beer it’s home brew. I’m sure Labor will find a way to put a Co2 and teenager tax on that as well.

John Hargreaves Ex MLA 2:19 pm 14 Jul 14

chewy14 said :

John Hargreaves Ex MLA said :

dungfungus said :

bronal said :

rommeldog56 said :

Similar. CPI increase in PSS pension of 1.3%.

Gross $ increase = $19-51pf.

But, nett $ increase = $5-51pf.

So much for CPI.

Maybe the extra tax for the National Disability Insurance Scheme (NDIS) which started on 1/7/14 has something to do with it ?

Yes, and it’s interesting that there isn’t a single mention of the NDIS levy in the information sheets that come with the pension statements. The NDIS levy is the major reason that the actual increase in most peoples’ pensions is so low.

Well, clearly this is Tony Abbott’s fault again.

In a reply to all the rioters so far, I contacted the CSSS people for an explanation and all that they could tell me was that the ATO had released new tax tables for PAYG and that the medicare levy had gone up from 1.5% to 2%. They then produced figures to substantiate the arithmetic I had already given them.

so…gross increase $36, tax increase $28, net increase $8. Gonna spend it all at once!

Oh so now it’s Pensioners Vs Disabled, who’s more worthy?

Sort of makes the OP a bit redundant unless John wants to complain about the NDIS.

My point here is not so much a choice between types of pensioners rather that if my pension with the CSS, which I am happy with, can suffer with the kinds of ratios I showed, how do people on pensions on the poverty line get on and I don’t care what type of pension they are getting.

dungfungus 1:52 pm 08 Jul 14

chewy14 said :

John Hargreaves Ex MLA said :

dungfungus said :

bronal said :

rommeldog56 said :

Similar. CPI increase in PSS pension of 1.3%.

Gross $ increase = $19-51pf.

But, nett $ increase = $5-51pf.

So much for CPI.

Maybe the extra tax for the National Disability Insurance Scheme (NDIS) which started on 1/7/14 has something to do with it ?

Yes, and it’s interesting that there isn’t a single mention of the NDIS levy in the information sheets that come with the pension statements. The NDIS levy is the major reason that the actual increase in most peoples’ pensions is so low.

Well, clearly this is Tony Abbott’s fault again.

In a reply to all the rioters so far, I contacted the CSSS people for an explanation and all that they could tell me was that the ATO had released new tax tables for PAYG and that the medicare levy had gone up from 1.5% to 2%. They then produced figures to substantiate the arithmetic I had already given them.

so…gross increase $36, tax increase $28, net increase $8. Gonna spend it all at once!

Oh so now it’s Pensioners Vs Disabled, who’s more worthy?

Sort of makes the OP a bit redundant unless John wants to complain about the NDIS.

“Oh so now it’s Pensioners Vs Disabled, who’s more worthy?”

Who is more worthy? How about the taxpayers who underwrite both these social doctrines.

chewy14 1:31 pm 08 Jul 14

John Hargreaves Ex MLA said :

dungfungus said :

bronal said :

rommeldog56 said :

Similar. CPI increase in PSS pension of 1.3%.

Gross $ increase = $19-51pf.

But, nett $ increase = $5-51pf.

So much for CPI.

Maybe the extra tax for the National Disability Insurance Scheme (NDIS) which started on 1/7/14 has something to do with it ?

Yes, and it’s interesting that there isn’t a single mention of the NDIS levy in the information sheets that come with the pension statements. The NDIS levy is the major reason that the actual increase in most peoples’ pensions is so low.

Well, clearly this is Tony Abbott’s fault again.

In a reply to all the rioters so far, I contacted the CSSS people for an explanation and all that they could tell me was that the ATO had released new tax tables for PAYG and that the medicare levy had gone up from 1.5% to 2%. They then produced figures to substantiate the arithmetic I had already given them.

so…gross increase $36, tax increase $28, net increase $8. Gonna spend it all at once!

Oh so now it’s Pensioners Vs Disabled, who’s more worthy?

Sort of makes the OP a bit redundant unless John wants to complain about the NDIS.

rommeldog56 12:52 pm 08 Jul 14

John Hargreaves Ex MLA said :

dungfungus said :

bronal said :

rommeldog56 said :

Similar. CPI increase in PSS pension of 1.3%.

Gross $ increase = $19-51pf.

But, nett $ increase = $5-51pf.

So much for CPI.

Maybe the extra tax for the National Disability Insurance Scheme (NDIS) which started on 1/7/14 has something to do with it ?

Yes, and it’s interesting that there isn’t a single mention of the NDIS levy in the information sheets that come with the pension statements. The NDIS levy is the major reason that the actual increase in most peoples’ pensions is so low.

Well, clearly this is Tony Abbott’s fault again.

In a reply to all the rioters so far, I contacted the CSSS people for an explanation and all that they could tell me was that the ATO had released new tax tables for PAYG and that the medicare levy had gone up from 1.5% to 2%. They then produced figures to substantiate the arithmetic I had already given them.

so…gross increase $36, tax increase $28, net increase $8. Gonna spend it all at once!

Because its indexed 6 monthly, and it coincides with 1/7, this is a one off reduction in the nett CPI increase. The next one, in December/Jan, will be what ever the % CPI increase is, less standard applicable tax because the .5% extra Medicare levy is already included. Hope that makes sense.

John Hargreaves Ex MLA 11:57 am 08 Jul 14

dungfungus said :

bronal said :

rommeldog56 said :

Similar. CPI increase in PSS pension of 1.3%.

Gross $ increase = $19-51pf.

But, nett $ increase = $5-51pf.

So much for CPI.

Maybe the extra tax for the National Disability Insurance Scheme (NDIS) which started on 1/7/14 has something to do with it ?

Yes, and it’s interesting that there isn’t a single mention of the NDIS levy in the information sheets that come with the pension statements. The NDIS levy is the major reason that the actual increase in most peoples’ pensions is so low.

Well, clearly this is Tony Abbott’s fault again.

In a reply to all the rioters so far, I contacted the CSSS people for an explanation and all that they could tell me was that the ATO had released new tax tables for PAYG and that the medicare levy had gone up from 1.5% to 2%. They then produced figures to substantiate the arithmetic I had already given them.

so…gross increase $36, tax increase $28, net increase $8. Gonna spend it all at once!

rommeldog56 11:54 am 08 Jul 14

Confirmed with ComSuper : The tax increase for the NDIS is in the Medicare Levy Surcharge which from 1/7 increased from 1.5% to 2% of total income/salary.

This extra .5% applies to total salary/incomed, including the CPI linked lincreases to pensions. So, its not just extra tax on the CPI linked increase.

Its just unfortunate that both issues started from 1 July.

It would have been nice for Comsuper to have included that warning/advice to all pensioners in their accompanying newsletter. Apparently, they are being inundated with queries. Now, why would that be ?

dungfungus 9:53 am 08 Jul 14

bronal said :

rommeldog56 said :

Similar. CPI increase in PSS pension of 1.3%.

Gross $ increase = $19-51pf.

But, nett $ increase = $5-51pf.

So much for CPI.

Maybe the extra tax for the National Disability Insurance Scheme (NDIS) which started on 1/7/14 has something to do with it ?

Yes, and it’s interesting that there isn’t a single mention of the NDIS levy in the information sheets that come with the pension statements. The NDIS levy is the major reason that the actual increase in most peoples’ pensions is so low.

Well, clearly this is Tony Abbott’s fault again.

bronal 8:10 am 08 Jul 14

rommeldog56 said :

Similar. CPI increase in PSS pension of 1.3%.

Gross $ increase = $19-51pf.

But, nett $ increase = $5-51pf.

So much for CPI.

Maybe the extra tax for the National Disability Insurance Scheme (NDIS) which started on 1/7/14 has something to do with it ?

Yes, and it’s interesting that there isn’t a single mention of the NDIS levy in the information sheets that come with the pension statements. The NDIS levy is the major reason that the actual increase in most peoples’ pensions is so low.

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