DFRB/DFRDB REcipients NEED to read this
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Join Date: Sep 2000
Location: England
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DFRB/DFRDB REcipients NEED to read this
http://www.ozveteranforce.com/
http://www.petitionspot.com/petitions/dfrbdfrdb
Basically the reason behind this petition is that the treasurer has taken advice that it would be too costly and complex to acknowledge that (unlike MSBS) the ADF's older DFRB/DFRDB Schemes were member contributory. DFRB and DFRDB will now be treated under the new Superannuation legislation (effective from 01 Jul 2007) as unfunded schemes that are/were totally sourced from consolidated revenue. As you will recall, a taxed amount of 5.5% of taxable income was paid by DFRB/DFRDB recipients over the entire career of all qualifying individuals.
The effect of this will be 180 degree dissimilar to the treatment being afforded to Federal civil servants' and parliamentary pensions inasmuch as you will receive no tax waiver on your funded contributions. This intention has been confirmed by the latest DFRDB letter sent out at the end of the calendar year.
If you consider that "rationalization" to be unfair and inequitable, please sign the petition to the Treasurer (Mr Costello).
http://www.petitionspot.com/petitions/dfrbdfrdb
Basically the reason behind this petition is that the treasurer has taken advice that it would be too costly and complex to acknowledge that (unlike MSBS) the ADF's older DFRB/DFRDB Schemes were member contributory. DFRB and DFRDB will now be treated under the new Superannuation legislation (effective from 01 Jul 2007) as unfunded schemes that are/were totally sourced from consolidated revenue. As you will recall, a taxed amount of 5.5% of taxable income was paid by DFRB/DFRDB recipients over the entire career of all qualifying individuals.
The effect of this will be 180 degree dissimilar to the treatment being afforded to Federal civil servants' and parliamentary pensions inasmuch as you will receive no tax waiver on your funded contributions. This intention has been confirmed by the latest DFRDB letter sent out at the end of the calendar year.
If you consider that "rationalization" to be unfair and inequitable, please sign the petition to the Treasurer (Mr Costello).
Join Date: Dec 1998
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You may have a 100% case but ...........
They want a million signatures and they've got about 3300.
In the OZ system might makes right, not Truth, Justice or the American way.
Good luck, but methinks you're pushing it uphill.......
OT
In the OZ system might makes right, not Truth, Justice or the American way.
Good luck, but methinks you're pushing it uphill.......
OT
Join Date: Jul 2006
Location: Australia
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DFRB has always had a smell about it, back in the 60's several very senior officers vitually buggered their careers by making submissions on it.
The government knows that as long as it is a requirement of service, then they have the upper hand.
Then they stand all amazed, as some haunt the DVA system, trying to get every cent they can.
This and all the previous governments know little about service life, care even less, and when you have gone, except for some very ESO's and advocatives you are on your own.
I wish you luck, but suspect the odds are stacked against you.
Regards
Col
The government knows that as long as it is a requirement of service, then they have the upper hand.
Then they stand all amazed, as some haunt the DVA system, trying to get every cent they can.
This and all the previous governments know little about service life, care even less, and when you have gone, except for some very ESO's and advocatives you are on your own.
I wish you luck, but suspect the odds are stacked against you.
Regards
Col
