‘We’re the first government in Australia to give $3 billion back to retirees’
The Government has confirmed it is “the first government” in Australia “to give $400 million back to retired people”.
The announcement was made in Parliament today, where the Prime Minister made the announcement as he announced the Coalition Government was on track to meet its $4 billion spending commitments for 2018-19.
“This is about putting people back to work,” Mr Abbott said.
“It’s about giving our kids and grandkids a decent life.”
Our Government is the first in Australia, in my opinion, in history, to give back to our retired people.
“He said the plan would deliver $4.5 billion in annual savings to people over 55 and $2 billion for the Government’s retirement savings program, which was announced last week.
Mr Abbott also confirmed the Government was in “full compliance” with the Federal Government’s pension plan for federal employees, which provides the maximum retirement age for people under 55 to retire at the same age as their employer.”
As a result, the Government has paid out $400m to its federal employees over the past two years,” he said.
Mr Morrison also announced that the Federal government will also spend $1.4 billion to expand the WorkCover scheme, which aims to provide long-term job training to young people aged between 16 and 25.”
I’m pleased to announce that this Government will spend $300 million to expand WorkCover,” he told reporters in Canberra.”
That’s a very significant commitment.
“The Federal Government said the new WorkCover funding will support more than 1,400 young Australians aged between 17 and 25 to undertake the apprenticeship training.