Council of Ageing calls for retirement income review

PENSIONERS and retirees have urged the Federal Government to start a major review of all retirement income issues.

Just weeks after the government launched an inquiry into the barriers facing older workers, the Council of the Ageing has called for the wider review.

A position paper from the council asked that everything from superannuation tax to pensions, mature age employment and living standards be taken into account.

Council chief executive Ian Yates said the continued uncertainty and piecemeal approach to the "retirement incomes space" needed to stop.

While Labor released a new super tax policy this week and the government indicated it would have more to say, Mr Yates said a bipartisan approach was essential.

He said that almost everything should be on the table, if the government acted on the review proposal, except proposed cuts to indexed increases for pensions.

As Treasurer Joe Hockey emphasises the importance of the aging workforce, Mr Yates said the coming May budget was the "perfect platform" to announce a review.

Mr Yates said the review needed to be evidence-based to ensure it was fair to current and future retirees.

Topics:  pensioners retirement

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