Annette Blair wants to retire and says government incentives won’t change her mind. Photo: Scottie Simmonds bon0202b
Annette Blair wants to retire and says government incentives won’t change her mind. Photo: Scottie Simmonds bon0202b

Retiring population plan

BUNDABERG residents say a $43.3 million package to keep our ageing population in work will not stop them from retiring.

Bonnie Jean Fabrics owner Annette Blair said at the age of 64, she was ready to retire.

“Nothing will keep me out of retirement,” she said.

“We have worked hard all our lives and we deserve a break.”

Mrs Blair and her husband have put their business up for sale and say they will retire as soon as it sells.

“We have got a caravan and want to go travelling,” she said.

“It’s our turn now.”

In response to revelations of our rapidly ageing population, Treasurer Wayne Swan unveiled plans to retain our older workers for longer.

Yesterday’s launch of the 2010 Intergenerational Report revealed in just 40 years, one in four workers would be aged over 65 .

There are expected to be only 2.7 people of working age for every person, compared with five people today.

The government strategy to retain workers will include a Golden Guru plan, which would see retirees become mentors to the younger working population.

The package would also involve $10,000 grants being put towards 50 of the Golden Guru volunteer programs across the country.

Mr Swan said productivity would need to be increased over the next four decades to give Australians better opportunities in the future.

“We are not sitting here today saying there is an ideal fixed population for Australia,” he said.

“It depends on us putting in place successful policies to achieve those objectives.”

Retired Australians provide about $6.8 billion every year through volunteer work, and extended working years could cut into this number.

Mrs Blair said while working was not on the cards for her future, volunteering would be.

“It will be nice to give something back and not be so stressed,” she said.

“We have definitely done our share of working but I think anyone who wants to continue to work has every right.”



'Too low': Call for dole to be doubled

'Too low': Call for dole to be doubled

'It is forcing us to live under the poverty line"

Property prices a key for city deals

premium_icon Property prices a key for city deals

Population set to grow in regions

Bundaberg man on trial for raping child cousin

premium_icon Bundaberg man on trial for raping child cousin

23-year-old says he has never had any sexual interest in children

Local Partners