Excellent article by Julian Morrow in this months Monthly.
The après-MP activities of these Labor figures stand in stark contrast to the predicament many faced when the parliamentary pension scheme was introduced by Ben Chifley in 1948.
Après-MP is definitely the best word I’ve read this week.
An especially grotesque feature of the system is that it effectively creates an incentive for our pensioner-pollies to undertake highly paid work in the private sector rather than continue to contribute to public life. The parliamentary pension is offset against other income received from the public purse. An “office of profit under the Crown” will reduce your parliamentary pension but an office of profit under Crown Casino – lobbying former colleagues to increase the profitability of gambling – will not.
If you’re in Australia and you don’t already subscribe to The Monthly, do. $40 a year gets you through the websites paywall and an ePub version of the issue each month, which is brilliant.