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Words: 1,304 | Submitted: Fri Mar 07 2008
... allow for the continuity of this, senior citizens are able to have considerable earnings and still receive an Age pension. In addition, the Pension Bonus Scheme provides an incentive for older Australians to defer claiming Age Pension and instead remain in the workforce. The Scheme pays a once only, tax-free lump sum to registered members when they claim and receive Age Pension. Various employers feel that older Australians are reluctant to learn new skills associated with their existing job, and this is why many Australians over 45 are being dismissed. "National data from the ABS 2002 Career Experience survey indicates that around 43% of employees aged 45-54 undertook formal training and, or, study in the previous year" (Government Workplace Website). This shows that close to half of Australians over 45 were willing to further their studies to remain employed. According to the ABS Job Search Experience survey for July 2006, ...
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