You're on a roll today old timer.In another thread not so long ago you harp on about trends no mattering because the last number is down, now the trend matters and can only matter over a couple of years?
Don't want to address the fact you tried to pull a swifty with the 2014 chart either I see.
So is the trend up or down from the latest ABS chart?
Of course the numbers of 55+ workers are going to be increasing, given the govt's massive push to extend working lives for everybody into the mid-to-late 60s range. What else would you expect?
It's exactly the sort of demographic shift one would hope to see at a model employer with a relatively high percentage of jobs that are physically undemanding. And it's financially beneficial as well: for every extra year a current public servant is kept in work, s/he isn't claiming a PS-funded pension.
Of course the numbers of 55+ workers are going to be increasing, given the govt's massive push to extend working lives for everybody into the mid-to-late 60s range. What else would you expect?
It's exactly the sort of demographic shift one would hope to see at a model employer with a relatively high percentage of jobs that are physically undemanding. And it's financially beneficial as well: for every extra year a current public servant is kept in work, s/he isn't claiming a PS-funded pension.
And yet they will all retire soon...
"APS workforce age profile
At June 2015 the largest age group was employees aged 50 to 54 years, representing 14.7% of all employees. This is the same proportion as at June 2014. There was an increase in representation in the 55 to 59 age group, which increased from 9.9% at June 2014 to 10.1% at June 2015. There was also an increase in the 60 years and over age group, which increased from 6.8% to 6.9%. At June 2015, the mean age of all employees in the APS was 43.0 years (44.1 for men and 42.2 for women)."
This post is just your most recent disaster, it's by no means your worst. When you get over your anti aged obsession you might understand some of this instead of trying to mould the facts to suit your bias.
Your 50 this year Paul - happy 50th - smell the roses.
Any expressed market opinion is my own and is not to be taken as financial advice
I don't think it's all that difficult to replace 30 percent of your workforce in a 15 year period, which is essentially what is needed if 30 percent of the people are over 50.
Secondly, if the jobs (been public service jobs) weren't filled, can I politely say, we might not notice.
This post is just your most recent disaster, it's by no means your worst. When you get over your anti aged obsession you might understand some of this instead of trying to mould the facts to suit your bias.
Your 50 this year Paul - happy 50th - smell the roses.
Good to see you out from under your rock. So is the trend up or down since 2011?
At June 2015 the largest age group was employees aged 50 to 54 years, representing 14.7% of all employees. This is the same proportion as at June 2014. There was an increase in representation in the 55 to 59 age group, which increased from 9.9% at June 2014 to 10.1% at June 2015. There was also an increase in the 60 years and over age group, which increased from 6.8% to 6.9%. At June 2015, the mean age of all employees in the APS was 43.0 years (44.1 for men and 42.2 for women)."
Again, so what...?
What exactly is the problem you see here?
The APS workforce is aging, exactly as one would want to see if one sought a workforce that would retire at 66, 67, 68, 69 ... instead of 55 or 60. Both Labor and Coalition governments have been pushing for such an outcome for decades, with increasing urgency in recent years.
Why on earth would you not regard this as a Good Thing, Pauk???
I don't think it's all that difficult to replace 30 percent of your workforce in a 15 year period, which is essentially what is needed if 30 percent of the people are over 50.
Secondly, if the jobs (been public service jobs) weren't filled, can I politely say, we might not notice.
Yes, agree, finding replacements will not be an issue. Two points... 1. I am not sure 30% of the PS has retired in a 15 year period in the past. 2. The future fund starts its draw down in 2020 and at $7-$10 billion per year, so it will not take long for the 'unfunded part to emerge...
stubby
19 Sep 2015, 09:54 PM
Again, so what...?
What exactly is the problem you see here?
The APS workforce is aging, exactly as one would want to see if one sought a workforce that would retire at 66, 67, 68, 69 ... instead of 55 or 60. Both Labor and Coalition governments have been pushing for such an outcome for decades, with increasing urgency in recent years.
Why on earth would you not regard this as a Good Thing, Pauk???
The draw down on the Future Fund start on 2020 and at the rates of retirements, it will not take long, perhaps 10 years to use all of the fund, so who pays the unfunded after that?
Two points... 1. I am not sure 30% of the PS has retired in a 15 year period in the past. 2. The future fund starts its draw down in 2020 and at $7-$10 billion per year, so it will not take long for the 'unfunded part to emerge... The draw down on the Future Fund start on 2020 and at the rates of retirements, it will not take long, perhaps 10 years to use all of the fund, so who pays the unfunded after that?
What a croc of shit. So now your justification for your anti aged bias is based on a ridiculous belief that soon our federal government will run out of money.
Your complete lack of understanding is causing you to lie awake at night in fear. Just madness, simply madness.
Any expressed market opinion is my own and is not to be taken as financial advice
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