If your comment is about retirees savings being wiped out by 1970's and 1980's inflation, then I agree that this was a problem for people who saved most of their money in the form of cash rather than shares or property. Inflation was generally under control during the Howard years and is also under control now. Will the large borrowings of the Rudd government cause high inflation - possibly, but an independent RBA reduces this risk. I guess for people thinking of retiring soon, try and keep some money in equities. If you retire at 55, you have 30 years to live, so should have some growth assets. All my super is in Australian equities and when I retire intend to keep most of it in Australian equities.
As for the $900, which was the thread title, if people have lost lots of money due to inflation, then they will get it the money. If they still have lots of savings they won't get it. My key point is that it should be needs based rather than age based.
