COTA Australia, has called for the Retirement Income Review to give priority in its economic modelling,and other fact-finding to policy options that will create a simpler, fairer, more stable and sustainable retirement system that produces higher levels of income for low and middle-income retirees.
COTA Australia welcomes the opportunity to provide input into the Retirement Income Review. The Review will consider both the three pillars of our retirement incomes system (the age pension, compulsory superannuation and private savings), and their interactions.
Australia’s peak body and leading advocate for older Australians, COTA Australia, said today’s announcement of a reduction in deeming rates used for the age pension income test will be welcome news for over 600,000 part-rate age pensioners.