The Retirement Income Review should consider a simpler and more flexible system which allows pensioners to work without being punished, according to ³Ô¹ÏÍøÕ¾ Seniors Australia, the peak consumer organisation representing older Australians.
³Ô¹ÏÍøÕ¾ Seniors has suggested this reform be examined as part of its submission to the Review.
Chief Advocate Ian Henschke says the Review’s Panel should look at other pension and retirement income systems and import ways to make the Australian system simpler and more flexible.
“There are too many perverse disincentives built into our retirement income system,” he said.
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