News

Council on the Ageing (COTA) Australia, the peak body for older Australians, has welcomed the announcement of further funding for aged care reform in today’s Mid-Year Economic and Fiscal Outlook.

This enhanced scheme will make a positive difference to a growing number of older Australians looking for ways to better fund their retirement

This is a first and very important step toward a more central focus on increasing retirement income within our superannuation system, which was endorsed by the Retirement Income Review. 

Older Australians will benefit from measures aimed at increasing workforce participation and fixing retirement incomes, COTA Australia says, but support for vulnerable groups like renters is still missing and long-term solutions are needed to ensure vulnerable Australians are adequately supported.

The future of retirement income policy is up for discussion and debate tomorrow at Council on the Ageing’s (COTA) National Policy Forum, where politicians from both sides of the aisle, industry experts, academics and advocates will delve into the findings of the Retirement Income Review.

The Federal Government’s announcement of a $50 per fortnight  boost to the JobSeeker payment is welcome as the first real term increase in 26 years, Council on the Ageing (COTA) Australia has said, but is  not enough to prevent job seekers, including thousands of older Australians, falling into pove