For those that are concerned, this ALP policy is retrospective. Why can't politicians (ALP in this case) deal with changes in the same way as their own superannuation changes?
Chronology of selected amendments to the Parliamentary Retiring Allowances Act 1948[25]
When entitlements under the Act were changed by amendments, the accrued benefits of members under existing arrangements have been protected. This approach, often called grandfathering, is consistent with the treatment of changes to benefits in other superannuation schemes.
