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Wednesday, July 01, 2009

DOWN AND OUT DOWN UNDER


The OECD report says retirees should take out annuities which offer a guaranteed
retirement benefit


"An OECD report on pensions has found Australia has one of the highest rates of poverty for people aged over 65. The report says more than one in four Australian seniors live in poverty by international measures, which is the fourth highest old-age poverty rate in OECD countries, after Ireland, Korea and Mexico." (ABC News, 24 June) RD

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