Providing past & current information related to Military Superannuation, the purpose of this website is to help reverse the damage done by successive Governments over the years to our retirement funds. This site provides a means of keeping superannuants up to date with matters that affect / have affected their entitlements.
Please feel free to add your 'super gripes' to this site by contributing to the forums, or by submitting an article complete with images / scans of documents you have acquired.
Best regards,
John Graham A Veteran
15/8/1939 - 1/11/2009
We hope your contributions to this website will help each other to obtain the best result for your invested retirement funds & that the current Prime Minister will live up to his words :
".... the first responsibility of government is the security of the nation. And it follows therefore that government has a particular responsibility towards those who have worn the nation's uniform. Because there is in my view no higher calling than to wear the uniform of Australia"
Kevin Rudd. 8th September, 2008
The graph on the right represents the differences in increases between Parliamentary pensions, the Age pension & in our case the Public service and Military pensions.
As one can see, there is an ever increasing gap on the bottom end of the scale for those of us that served our country with blood, sweat & tears.
We invite Prime Minister Rudd to honour those words he stated above in 2008 by closing the gap & giving us the equity that we deserve.
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DFRDB recipients, in particular, have been poorly treated since 1973, when the newly elected Labor Government rejected Jess's recommendations on indexation and absconded with our invested funds. Every government since that time has ignored requests for equity with the general community. The indexation that ex-servicemen receive, CPI, was regarded as inadequate for Centrelink pensioners by the Howard Government, but adequate for the Government's own former employees.
The DFRDB Board has let Military superannuants down by not carrying out their fiduciary duty in not recommending amendments to the act to remove anomalies. The prime anomalies are the use of a 46 year old life table to calculate commutation, and the period over which is expected that it be repaid.
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