Whats wrong with the superannuation benefits for members of Parliament?
Members of the NSW Parliament benefit from one of the most generous supperannuation schemes in Austrlaia. State politicians can retire after only seven years and are then eligible to receive over $40,000 every year for the rest of their lives. These are entitlements the rest of us can only dream of. This super rort is possible because 75% of the payment comes from state revenue. Compare this to the 6-9% employer contribution received by the majority of workers. Have any changes taken place? Both Labor and the Liberal/National Coalition have failed to seriously reform parliamentary superannuation. In December 1999 the NSW Government buckled under pressure and agreed to stop superannuation benefits being paid to an MP before they turned 55 years of age. The Greens are committed to reforming parliamentary super to bring it in line with the benefits received by all other public employees. What was the response of the Greens? During parliamentary debate, The Greens developed three key amend
