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Discussion in 'The Pub' started by minux, Apr 4, 2011.
No he just tells you what you want to hear or are gullible enough to believe
If you're going to continue to snipe at the public servants, for Pete's sake, do some homework and get your facts right first. You apparently have the same misconceptions about their working conditions as a lot of people who have the impression they are all massively paid and enjoy the good life at your expense.
It's a funny thing about being a public servant. You not only get the mandatory 9% (or whatever the percentage now is) employer contribution - you also get the "privelage" of compulsory personal contributions. Does that apply in your case or are you able to choose whether or not to contribute to your own retirement?
So, yes, your super may be worth more when your retire, but hey, you've had contribute to it from day one from your own pay, so it damned well should be better.
Want to suggest another one? That one won't float.
He actually tells it like you want it to be. :lmao:
Australian Public Service Commission - 3. Features of key remuneration components
Go down to "Table 3.7: Employer superannuation contribution as a proportion of Base Salary by classification"
Extra Super is awesome! I get 17% employer contributed where I work plus an option to contribute another 7% if I want to. I stick with the 17% which is over $20,000 in super every year!
I will be pissed off if they change the age to access your super to 70 though.
Where do you work? Wouldn't be at a big uni would it?
The age to access super is not changing, the age to access the Pension however is.
People can still retire and access super when they like, but depending on age, depends on tax rates when drawing down. If people in this age group cannot access super for 10 years while they wait for pension access then god help us...maybe they should of spent a bit more saving for their future instead of partying on weekends or on beer, smokes and fast food.
It is sad that these days you are seen to be "old fashioned" when living within your means and not relying on handouts. The mantra today is live above your means and demand more for free when you cannot. If you cannot get this stuff for free, just start bullying politicians and yelling them down...
Still amazed at the treatment towards Julie Bishop and Sophie Mirabella...can only imagine the faux left outrage if it was Gillard.
But they've started talking about increasing it in their first term.
So it's only a matter of time before thos promise is broken as well
They cannot change when you can access super, are they going to close down family trusts that are SMSF? I would like to see where anyone has mentioned changing when you can access your super...
Close but no cigar.
I know all this. And it pisses me off that people think the change of the pension age is the change in retirement age. However reports today are that there's talk of changing the age at which you can access your superannuation (currently 55 for anyone born before 1964 and 60 for those born after) to 70. While I plan on using my super as a "bonus" rather than relying on it. I will still be annoyed if I have to wait 20+ years to access it!
Heard it briefly on the radio on the drive to work this morning. Haven't looked into it beyond that.
When I saw that footage one word came to mind. Animals. But then I realised even animals conduct themselves better.
Seems they are going to try and do whatever they damn well please
Treasurer Joe Hockey flags changes to superannuation rules before next election - Federal Budget 2014 - ABC News (Australian Broadcasting Corporation)
OK seriously? Is that all this new hype is based on? I should have known better when I heard it on the radio this morning. From an article that says "In last week's budget the Government confirmed the retirement age would be lifted to 70 by the year 2035." which is absolutely and factually WRONG, there is NOTHING from the Q&A transcript that says they're considering changing the age at which you can access your super to 70. It's more leftist spin and sensationalism from the ABC that the mainstream media grabs onto and runs with.
I guess the truth and the facts never make for a good story though.
Hmm,nice. Except those tables relate to highly graded personnel - from graduate to what is called SES (which I suspect stands for Senior Executive Service - ie, senior Department leaders and Branch heads, if not the actual heads of departments. Their super would be part of a salary package, subject to contract terms, rather than the average, normal, ordinary public servant, who doesn't seem to appear on that graph. So, again, nothing there that isn't common within private enterprise.
What the next table (3.8) shows is something I felt was the case but wasn't sure, so I didn't refer to it earlier. Older Public Service Staff enjoyed the benefits of the Commonwealth Superannuation Scheme, with admittedly generous benefits for their time. That scheme became unsustainable years ago and was canned. It has been replaced by an accumulation scheme similar to those for private enterprise and so often advertised on TV. (ie Industry and Commercial Super Funds). Look at the graph and you can see that younger staff come within the last scheme and the old schemes have been closed to them for years. State public services did the same thing back in the 1980's. Those accumulation schemes are no different to private enterprise schemes, charging nominal management fees and investing the money to the best advantage for their members.
The internet is great for information but it doesn't always tell the full story. Keep looking.
Or better still, stop convincing yourself that public servants get something they either don't earn or don't deserve.
Well firstly Hockey said nothing of the sort. He said they were going to have a discussion on the subject sooner rather than later. Meh - it might change or it might not. Feel free to put forward your point of view. Most importantly (that you seem to have neglected to acknowledge) any change in the near term is off the table:
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Graduate is the lowest level (in terms of pay) of employment in the APS. Once you finish your graduate program you will likely be at APS5 or APS6 level. I don't know if there are any APS1 or APS2 positions these days. Those levels go back to the days of mail room staff. "Entry level" APS roles are APS4 (level 1 Help Desk) etc and the bulk of the APS would be APS5 - EL2. So they're all "ordinary public servants".
EL = Executive Level (junior managers/team leaders/technical experts)
SES = Senior Executive Staff (heads of departmental sections. the heads of the departments are "Secretaries" are are political appointees)
My Dad retired from the public service at 55 in 2007 with his active CSS account. A permanent pension paid to him for the rest of his life at 75% of his finishing salary indexed with CPI. He earns more just from that than I do working full time. Add to that his investment portfolio and superannuation and he's laughing all the way to his grave.
There's no way that system was EVER going to be sustainable. The government would go broke!
and it's systems like that that have sent Greece and Italy to the wall.
Thanks for the clarification. Happy to be shown to be wrong on that one. The grading structure is pretty simple compared to the States services which don't require Graduate status to join. I suppose if you are going to set a standard like that as a basic employment requirement, you have to offer decent salary packages and conditions in return.
Yes, the old CSS was very generous, which is precisely the reason it was canned. The same thing happened to the NSW State Super Scheme.
I will pay that super, accrued sick leave and redundancy is above and beyond in the APS. Still I could earn twice the coin in private but funnily enough I'm proud to be a Commonwealth employee. My work doesn't make some greedy corporation richer. It provides value add to a faculty most Australians wouldn't think twice about. That's job satisfaction to a T.
Isn't the government a corporation so to speak? I would rather make someone who has invested their own hard earned rich than make a politician rich off the back of people like everyone in this thread.
Anyway, just an FYI, most corporations are public companies, so working for them can make yourself rich should you invest where you work. We are now part of a Top 200 listed ASX group, I have already taken up investment options offered to employees, I am that confident the group with our companies inclusion will see prices rise and line my back pocket. Kind of a great setup really, knowing if you and your team work well, you can make yourself more money through it.
Ideally the government is about achieving necessary outcomes for its citizens as efficiently as possible, not profiteering. Any monies that fall out of that are consolidated revenues for the people not persons.
Governments are fleeting, elected by voters, whereas my objectives remain unchanged (although are often directed/modified by the government at the time).
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