"They needed to complete I think it was 30 years of teaching and be at least 55 years of age before they could access it. Then they received 70% of their last salary.
Hence I failed on each of these grounds, lol. Now get about 70% of the Aged Pension although grateful for that"
Yes, I could see how that could have been read as you did Dave.
Another issue is that Defined Benefit Pensions are not indexed in the way Aged Pensions are. Aged Pensions are indexed more generously. Hence the Defined Benefit Pension year in and year out, fails to keep up with Aged Pensions and the effect is, of course, compounding over the years.
