1. Eliminate the formal retirement age: Allow
individuals to
choose when and at
what rate they conclude their working life.
2.
Replace the
age-based eligibility requirement for the aged pension (currently 67)
with a lifetime service requirement of
40 years in the
paid workforce
and/or voluntary service to encourage life-stage flexibility.
3. Allow superannuants to
draw on their superannuation at any time over 60 years
for the purpose of starting a business or making alternative investments.
4. Establish lifetime
volunteer credits for voluntary service activity which from the
age of 60 can be traded for benefits through a Volunteer Bank.
5. Encourage
diverse co-housing arrangements whereby ageing people may house
share with peers, students and other community members.
6. Introduce a
requirement that Commonwealth benefit recipients (including family
benefit, unemployment benefit, youth and student allowance) must enter a
mentoring arrangement with a non-family person over the age of 70 years.
7. Introduce a
requirement that Seniors Card holders must enter a mentoring
arrangement with a young person.
8. Introduce
neighbourhood-based volunteering options to facilitate neighbourly acts
to assist older people living at home with simple practical tasks.
9. Develop new and
diverse forms of mutual support groups (variations and
developments of senior citizen clubs and informal associations).
10. Redirect all aged
care and support funding through individualised funding
allocations, payable to each older person or their nominated agent.