What’s the nest pension?
The pension fund has been hit hard by the global financial crisis, which has led to a steep fall in returns for the fund’s employees and retirees.
The pension fund is now asking the government for more than $300 million to meet the pension obligations that were first set by the former government.
“The Government has to be careful,” Mr Hawke said.
If the government fails to meet its pension obligations, the pension fund will have to sell its assets and stop making payments to its retirees.
“I think the Government needs to be cautious in the future about putting more resources into the pension,” Mr Turnbull said.
“And I think the government needs to have more confidence in the market and that they have the capacity to fund the pensions.”
So, yes, it is important to make sure that we can make sure the pension system is supported.
“What the Government wants from the pension: $300m for the pensionMr Turnbull said he hoped the government would “consider what more it can do to help” the pension, which he said was “at a stage where we’ve got to consider the future”.”
It’s a difficult time, but we have to do something,” Mr Cameron said.