Why more people are turning to the retirement pension | 7:30



[ad_1]

Hundreds of thousands of retirees who feel helpless because of record interest rates are expecting some relief soon.

The federal government is under pressure to allow retirees to benefit more from their investments or savings without affecting their pensions.

It examines what is known as the "presumption rate" of pensions, which could cost hundreds of millions of dollars to the budget.

But in the longer term, as reported by Peter McCutcheon, the government faces more fundamental challenges in pension funding.

For more information on 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

[ad_2]
Source link