Tag: Average Joe

The Real News Channel

So sad how many, many of the elderly still vote Liberal. Explain to your elderly folk that #LiberalsDoNotLikeYou and implore them to #PutLiberalsLast on March 28.
HE could be set to make his generation work until they’re 70, but when Treasurer Joe Hockey leaves federal Parliament he will be in line for a pension of at least $270,000 a year.
Yes, that’s right, $270,000 a year.
That’s about 10 times what an average male his age could pocket in retirement on current trends.
Assuming Tony Abbott remains Prime Minister for the next four years he could walk away with an annual pension of more than $380,500 and his deputy Warren Truss just over $300,000 a year, according to News Corp analysis, and that’s not including travel perks.
If Opposition Leader Bill Shorten was to remain in his job for the same amount of time, he is on track to take away at least $164,000 each year.
The calculations take into account their time in Parliament and the salary of the highest office they’ve held.

The figures stand in stark contrast to the $27,600 an average male currently earning $79,700 could pocket when he turns 70, based on predictions which factor in a CPI increase of about 1.5% annually over the next 20 years.