21
Blah-Blah Bar / Re: Election 2025 (Poll added)
Last post by DJC -I don’t begrudge politicians their pensions - most earn it and then some. However, I’m not sure that they should get their pension while working as a lobbyist or consultant on the basis of contacts and knowledge gained as an MP.As @Baggers points out regarding corporate wages, it's the case that most politicians would have made more money if they stayed out of politics.
I’m not sure how it could be managed but I’d like to see the double-dipping eliminated; pension or salary, but not both.
It's one of the big problems that keeps younger people out of politics, it doesn't make financial sense for young people to be in the gig it becomes very costly over a lifetime. They must sacrifice the period of high performance life that is/was potentially most profitable for them.
We are not talking about average wage earners, we are talking about high performance individuals, the type we need and want running the country.
I get your perspective, but I'd assert it a perspective coloured by the perception of single issue placeholders who aren't really ever candidates for the biggest roles in government.
I have worked closely with senior Victorian State Government Ministers from the ALP, Liberals and Nationals and I do appreciate how hard they work and the tremendous responsibility they carry. That responsibility is generally far greater than that borne by a corporate CEO on significantly more money and who is concerned mainly with profits rather than biosecurity, biodiversity, equitable access to health, housing, education, and other issues that may have huge repercussions if not handled well.
The Commonwealth has restrictions on how soon after leaving parliament, former MPs and Senators can work as lobbyists in areas related to their portfolios or with individuals and organisations they dealt with while in parliament. I don't believe that the States and Territories have similar requirements but the USA and Canada have a five year "cooling off" period. Once that time limit is up, it's open slather and we have Scott Morrison sitting on the board of DYME Maritime, a capital fund that invests in AUKUS and, of course, the Morrison government formed the AUKUS alliance. On the other side of the fence, former Labor Defence Minister Joel Fitzgibbon is a registered lobbyist for Serco, a British multinational defence, health, space, justice, migration, customer services, and transport company. I don't believe that Morrison or Fitzgibbon would have those roles if it wasn't for their parliamentary service and the contacts they made with the ADF, public servants and defence industries. In other words, Morrison, Fitzgibbon, Joe Hockey, Peter McGuaran, Marise Payne, Christopher Pyne, and many others are well paid to take advantage of contacts made while in parliament and are drawing substantial parliamentary pensions at the same time.
Then there's the classic case of Andrew Robb who, as Minister for Trade and Investment, approved Shandong Landbridge Group lease of Port Darwin. Robb was employed by Shandong Landbridge on $880,000 per year as soon as he left parliament.
Kevin Rudd is apparently drawing half of his parliamentary pension to top up the estimated $350K he receives as our US Ambassador.
I don't have a problem with the substantial parliamentary pensions - they're well-deserved - and I don't have a problem with former politicians working as lobbyists or for companies they may have dealt with in an official capacity, after a suitable cooling off period (closer to 5 years than 18 months). I do have an issue with former politicians drawing on their parliamentary pension while occupying highly paid positions, and particularly when they're paid out of the public purse.