Prime Minister Anthony Albanese is under pressure to explain the 'hypocrisy' over his 'broken' promise to Australians on superannuation while he is set to take home a massive Parliamentary pension.
Senior Coalition MP Simon Birmingham has accused Prime Minister Anthony Albanese of being responsible for a “broken promise” as his government appears ready to roll out major superannuation reforms.Mr Albanese and Treasurer Jim Chalmers have opened the door to major changes to super this week – despite ruling out any move on Australians’ retirement funds before last year’s Federal Election - including possible cuts to the tax concession and limits on individuals accessing their funds early.
Senator Simon Birmingham appeared on Sky News Australia on Friday morning for an exclusive interview where he called on Mr Albanese to quickly clarify what changes his government intended to make and how they would impact superannuation accounts. Under the Parliamentary Contributory Superannuation Scheme politicians who entered parliament before 2004 are entitled to a taxpayer-funded pension once they serve eight years.
Mr Albanese – if he was to retire immediately – stands to collect at least $162,795 per annum as he has served for more than 18 years as an MP, according to analysis from the Institute of Public Affairs. Mr Swan has been a major vocal supporter of plans to cap a $3 million cap on superannuation which would have little impact on his retirement due to his entitlement to a healthy parliamentary pension.
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