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For over 40 years we paid a 7.5% tax that paid for the pension.

The pension is an asset owned and accrued by each Australian citizen who has funded this asset from their very own purse, but guess who stole that accrued monies?
Yes you guessed it, the crooked Australian Government.

Source: 9news.com.au/national/2015/…

Read here for more info: auforum.net/d/55-the-truth…
Read here about our pension fund the other link has been taken down 🙄

morningmail.org/who-stole-the-…
This is also a valid comment too..

Why would a Federal Government that is the issuer of its own currency need to save it? If this Government is not tied artificially to a gold standard then there are no limitations to the money it can create.
Since 1983 we have had a floating currency and the Federal Government has not been fiscally constrained. It is the currency issuer. Don’t believe me. Hear it from Alan Greenspan in his explanation to greasy Paul Ryan that a separate fund to pay for social security is unnecessary.
Our Governnment has no difficulty in meeting out pension needs. Any limitation is ideological. 
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All Australians sign this petition to hold the government accountable for stealing our pensions (not means tested)

change.org/p/scott-morris…
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