Australian (ASX) Stock Market Forum

30% wage rise to politicians

The rort around this imo is that the older pollies are on a guaranteed super payment. The new are on guaranteed contributions like the rest of us.

When this change occurred under Howard the new and old got a higher wage (quite rightly for the new without access to the old super). The olds however indexed to the new wages got higher guaranteed payments by about 30pc.

This has also occurred in other old state super schemes like teachers.

Don't know how they fix it though?
 
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