Plibersek axes Morrison-era deal to ringfence pensioner savings
Baby boomers’ pensions will be reduced as the Albanese government ends a three-year freeze and adjusts rates used to calculate how much retirees can earn on their cash investments before their payments are affected. Social Services Minister Tanya Plibersek issued a statement on Tuesday afternoon during the government’s high-profile economic…
bubmagAugust 19, 2025