Sent:	Monday, 22 January 2001 3:37 PM
To:	'super.sen@aph.gov.au'
Subject:	Indexation of CSS pensions

Members of the Senate Committee examining the Indexation of CSS Pensions

I am a member of the CSS and will be taking an indexed pension as part of my
retirement package when that time comes.  I wish to register my protest
against the use of the CPI as the basis for calculation of the annual
increase in that indexed pension.  I think that it is inequitable that one
group of pension recipients should be treated less generously than others.
Historically, the CPI is the lowest value of indexation available amongst
those used by the superannuation industry.  The Senate Committee should
seriously examine a wide range of options to ensure that annual increases in
CSS pensions more accurately reflect the real increase in the cost of living
for superannuants.

Jeff Sharrad