Showing posts with label Pay Rise. Show all posts
Showing posts with label Pay Rise. Show all posts

Thursday, January 7, 2010

Politicians set for hefty pay rise


ALL federal MPs would receive thousands of dollars in extra take-home pay and superannuation under sweeping salary changes.


In the biggest shake-up to politicians' salaries for years, the Federal Government is also preparing to wind back or scrap lucrative perks - including the $18,500 overseas study allowance, the Herald Sun reports.

And the controversial lifetime Gold Pass - which gives former long-serving MPs an endless supply of free air travel - is also expected to be tightened or axed.

A high-powered committee, due to report in April, is working on big changes to the $300 million scheme.

Members of the four-person review panel privately support a hefty rise in the $131,040 base salary of MPs.

This will see higher wages flow through to all parliamentarians, including Mr Rudd, who earns $330,000 a year, Cabinet ministers on $200,000-plus, and Opposition Leader Tony Abbott.

But the trade-off will see entitlements worth up to $60,000 tightened or axed.