McCain unable to make gains in debate

McCain unable to make gains in debate	8.10.2008

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Have Your Say

Latest Comments:

Here is a simple solution: Do not give ex politicians their pension until they are 65. This will save millions. But seriously, I remember 20 years ago "they" were saying by the time I get to 65 there will be no pensions, and if you cannot support yourself, pray that your family can.
Posted by: Peter H of Sydney 7:59am today

They won't do anything to upset the dole bludgers. Thats their voters.
Posted by: alen jansen of bellevue hill 7:58am today

Mate we are so borke - we'll have to keep working until we die! I'm hoping I can get paid to dig my own grave.
Posted by: Dean of Sydney 7:35am today

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Plan to get retirees and mothers back to work
NSW says ageing population a big challenge
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MOTHERS and grandparents will be encouraged to get back into the workforce and the retirement age could be pushed back under a plan to deal with an ageing population.

A landmark report, outlining a plan to help today`s 30-year-olds, will be presented by New South WalesPremier Morris Iemma to the 2020 Summit this weekend.

Experts predict that, without an action plan to keep Generation X and the baby boomers working and healthy, the NSW Budget will be in a $14bn per year deficit by 2030.

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The Towards 2030 report suggests more than 300,000 people who would otherwise retire should stay working. It then warns that the number of people in NSW aged over 100 will go from 1300 today to 7800 by 2030.

Mr Iemma said the 30-year-olds of today could be facing retirements lasting 20 to 30 years and said he would be using the report to lean on the Federal Government for more resources.

"The demographic challenge, especially its financial impact, is immense," Mr Iemma said.

"Closing that fiscal gap will require a sustained effort to keep government spending in check and, most importantly, a greater willingness by the Commonwealth to share its considerable resources with the states."

The report states that there are currently about 331,000 people in NSW who are near retirement age and who were not in the workforce - a number that the State Government is expecting will only increase unless mature-age workers are encouraged to stay employed.

And the report says there are nearly three million Australians who could be working but are not, particularly men aged 25 to 54 and mothers aged 25 to 44.

Caroline Nikiforidis, 29, of Earlwood said she and her husband hoped to retire early but were prepared that they would probably have to work for longer than the current retirement age.

"It`s definitely going to get harder," Ms Nikiforidis said.

"I think, if the Government introduced paid maternity leave it would give women more opportunities, it`s beneficial for workers because they know they`ll have a job they can rely on and it`s better for careers because it give more stability."

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