In the absence of appropriately drafted policies or contracts of employment, aged care employers may be required to pay superannuation on annual leave loading, writes Grace Kim.
There are mutually beneficial opportunities available to aged care employees and employers that can help to make a positive difference to the retirement incomes of staff, writes Neil Saxton.
Most Australians will retire with savings thanks to Australia’s compulsory superannuation system, but for many this will not be enough to see them through the rest of their lives. Here, Shauna Ferris proposes an alternative.
ELECTION: Among the political parties vying for votes on 2 July is the Mature Australia Party, which says it has a special commitment to the interests of people aged over 50.
AUDIO: The aged care sector has a strong claim to any savings made in superannuation tax concession reform and needs to be out there advocating for it, according to a senior economist.
The death of a husband, a late-life divorce, a series of strokes or suddenly losing your job can all push older women into financial dire straits, writes Renata Singer.
Call for pensions, superannuation overhaul; seniors lobby against pension changes; new interagency policy on elder abuse; site provided for Croatian aged care facility; Singapore chooses Australian IT programs.
TRANSCRIPT: Minister for Mental Health and Ageing, Mark Butler, chews the fat on superannuation, older workers and workplace discrimination with announcer, Ian Henschke, ‘Mornings with Ian Henschke ABC 891 Adelaide’.
Seniors advocacy group National Seniors has warned policy makers against making changes to superannuation to raise funds for election promises, in light of speculation super could be targeted in the May budget.
The government is promoting the next wave of superannuation reforms which will boost retirement savings of older working Australians but COTA says more improvements are needed to bolster seniors’ super accounts.
Employment forecasts, released this week, show that the job prospects for older workers aged 63 and up are improving. There’s job growth in the community services sector and IT but continued shortages in rural and remote nursing.
New federal Treasury figures show that mature-aged workers are hanging onto their jobs and staying in the labour force longer. Unemployed mature-age workers, however, don’t have it so good.
Many older Australians don’t want to retire and with the impact of the GFC, feel they can’t afford to anyway. The situation is made even more difficult with age discrimination keeping them out of the workforce.
Action on ageist policies and laws are in the Commonwealth’s sights as the mismatching reality of a growing economy and an ageing population finally starts to bite. A new paper highlights the key problem areas.