Why more people are turning to the retirement pension | 7.30
Hundreds of thousands of retirees feeling the pinch due to record low interest rates are expecting some relief soon.
The Federal Government is under pressure to allow pensioners to earn more from investments or savings without affecting their pensions.
It's reviewing what's called the pension 'deeming rate' in a move that could cost the budget hundreds of millions of dollars.
But in the longer term, the Government faces more fundamental challenges to age pension funding, as Peter McCutcheon reports.
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Видео Why more people are turning to the retirement pension | 7.30 канала ABC News (Australia)
The Federal Government is under pressure to allow pensioners to earn more from investments or savings without affecting their pensions.
It's reviewing what's called the pension 'deeming rate' in a move that could cost the budget hundreds of millions of dollars.
But in the longer term, the Government faces more fundamental challenges to age pension funding, as Peter McCutcheon reports.
For more from ABC News, click here: http://www.abc.net.au/news/
Subscribe to us on YouTube: http://ab.co/1svxLVE
You can also like us on Facebook: http://facebook.com/abcnews.au
Or follow us on Instagram: http://instagram.com/abcnews_au
Or even on Twitter: http://twitter.com/abcnews
Видео Why more people are turning to the retirement pension | 7.30 канала ABC News (Australia)
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