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Thanks. You're fabulous :D

Is that per year or until you reach 60+?

I've got a mate who is still in defence after 28 years and is under the old scheme. He reckons if he makes it to 30 years, at the ripe old age of 47, he can get a $58K CPI-indexed pension for life and around a $300K golden handshake on exit. He jokes around and says he might retire permanently...

There are some great government super schemes out there still in existence, like through defence and the APS. The old defence scheme (DFRDB?) was a corker, where after a minumum of 20 years service you could be paid a nice lump sum and pension being a % of your salary when you got out of the...