‘The 2015 Report notes that around 70% of people of Age Pension age were receiving the Age Pension. Of these, 60% were in receipt of the full rate pension. It is predicted that the proportion of part-pensioners relative to full-pensioners is expected to increase, although the proportion of retirees receiving any pension is not projected to decline.
‘The really interesting issue relates to how the superannuation system will fit into this overall mix. The 2015 report is very light on with relevant details. This is a major weakness in the report, considering that the superannuation system is a critical element of how an ageing population can retire comfortably and reduce reliance on the aged pension from the Government.’