Sent:	Monday, 29 January 2001 10:26 AM
To:	super.sen@aph.gov.au
Subject:	Public Service Superannuation

Dear Sir
 
I am concerned about the method of indexation of public service pensions.  Adjustment is annual, so benefits always lag inflation by a significant period.  This is particularly significant with the introduction of the GST and the subsequent rise in CPI.
 
There is also the question of whether the CPI index is appropriate. I understand other schemes, such as the parliamentarian's scheme, use an indexation method which more accurately reflect the increase in financial activity in the community.  I cannot see why a similar method should not be used for public service pensions.
 
Yours sincerely
 
Barry Walker
bw@ausnetworks.com.au