Sent:	Monday, 29 January 2001 3:47 PM
To:	'super.sen@aph.gov.au'
Subject:	SEC: Unclassified.  Submission on superannuation review.

Dear Senators,

  I retired in 1998 as a Wing Commander having served 24 years.  I am a
DFRDB superannuation recipient.  My submission to the inquiry will be brief
and to the point.

The payments I have received in the intervening 3 year period have not
maintained purchasing power (ie not kept pace with inflation or average
weekly earnings).  If I had retired today with the exact same entry and exit
details the annual pension payment would be $4 000 higher.  Whatever
mechanism for adjustment that is ultimately chosen (if in fact it occurs at
all) should be able to maintain parity for spending power with the original
payout.  As it currently stands the purchasing power of the is dwindling
away.  I can see the day if nothing is done when it is just about worthless
and may cause undue hardship.  The decision as to whether to use average
weekly earnings or inflation as a basis for adjustment I will leave to
others more skilled in this area, however, I note that parliamentarians do
not use the CPI adjustment.

Respectfully yours, 
Jeffrey Leeke

Business Manager
RAAF Williamtown
WILLIAMTOWN   NSW   2314

Ph:     02 49647803
Fax:    02 49647808
Pager: 02 49476789
Jeffrey.Leeke@defence.gov.au

29 Helen Street
MEREWETHER   NSW  2291