State acts to retain experienced teachers close to retirement
Source: Western Australia. Minister for Education and Training. Media Release
"Innovative changes to public sector superannuation have the potential to benefit up to 6,000 teachers over the next five years, Education and Training Minister Mark McGowan said. Mr McGowan said the changes, which would kick in from January 2008, would allow teachers aged over 55 to access their superannuation while still working. Under the changes, teachers aged over 55 will be able to:
continue working full-time while accessing their superannuation;
opt for part-time or casual work while supplementing their income with superannuation; and
salary package their entire salary and draw on as much superannuation as desired."