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Gladys Berejiklian's massive post-politics pension
Words: Samantha MaidenProducer: Bianca Mastroianni
Outgoing NSW Premier Gladys Berejiklian will score pension-for-life after exiting politics and could opt to take a $2 million lump sum.
The 51-year-old won’t be able to claim the cash for another four years under the old super scheme that was closed for MPs elected after 2007.
When Gladys turns 60, it becomes tax-free, so the value will double to an amount that is on par with her annual salary of $407,800.
Former MPs familiar with the scheme estimated that she is likely to secure a pension for life of $200,000 plus.
She could choose to take that cash as a lump sum worth $2 million. Or, she could take half and get a $100,000 pension for life.
Gladys is sitting on a goldmine because she entered politics twenty years ago in 2003 under the old super scheme.
Outgoing deputy premier John Barilaro will miss out because he entered politics after the old scheme was axed.
Politicians can be stripped of their taxpayer-funded pension entitlement if they are convicted of a serious criminal offence.
Being the subject of an adverse finding by ICAC would not be enough to lose a political pension.

Original URL: https://www.news.com.au/web-stories/free/news-com-au/gladys-berejiklians-2-million-payment