'Money for nothing': why transition to retirement pensions still work

By Noel Whittaker
Updated April 18 2017 - 9:43am, first published March 31 2017 - 5:11pm

Transition to retirement pensions (TTRs) were introduced in 2006, in tandem with the Howard-Costello reform of the superannuation system. Australia was facing a growing skill shortage, with the oldest Baby Boomers celebrating their 60th birthdays - and as more and more of them retired, the difficulty of finding replacements was growing.

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