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Super
bonus for ADF specialists
ALMOST
4000 ADF specialists will get a super bonus when they retire following
the Government's decision to pay superannuation on specified elements
of their allowances.
Defence
Minister Robert Hill and Minister Assisting the Minister for Defence
Mal Brough announced recently that the decision implemented one
of the key recommendations of the Review of Australian Defence Remuneration
2001.
"The
change will affect about 3800 highly-skilled ADF personnel who are
trained to undertake our frontline responses in war and to a terrorist
incident," the Ministers said.
"These
include members of SASR, the Tactical Assault Groups, the IRR, clearance
divers, submariners, pilots and navigators."
The
changes will mean a significant boost to the retirement income of
specialist ADF personnel.
For
example, a private with specialist skills and seven years experience
is currently entitled to a $51,660 lump sum at preservation age
or a $4305 per annum pension at age 55.
After
the change takes effect, the same soldier would be entitled to a
$67,410 lump sum or $5617 a year pension.
The
move will come into effect when the necessary amendments are made
to the Military Superannuation Benefits Scheme rules and Defence
Force Retirement and Death Benefit regulations.
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