Australia’s national life expectancy is on average 83 years old. This is regarded as the result of its complete senior care service. Actually Australia is typically known for its welfare system for the elderly. The elderly immigrant in Australia can be well protected and cared. The country's senior care system was established as early as 1909. It has a history of more than 100 years. Today's system will only be more perfect and beneficial to the elderly citizens.
At present, there are three types of aged support and care programs in Australia, which include:
(1)The minimum agepension provided by the state or local government, commonly known as the government pension. You are eligible to the age pension above 65 years old and you live in Australia at least 10 years.
(2)An employee annuity, commonly known as aretirement pension, which an employer is forced to pay for an employee. You can get this amount of pension after you retire.
(3)The amountvoluntarily paid by the employer or employee to the individual retirement account, similar to insurance.
The application age for government pension needs to be above 65 years old. Even foreigners who have lived in Australia for more than 10 years can enjoy this benefit. As long as they pass the government audit, they can receive the minimum pension issued by the financial department. The pension payment standard is 25% of the local average weekly salary, but it will be adjusted every year according to the price of consumer goods, usually in March and September.
Occupational annuity is mandatory for employers. Employers must pay for employees. If they fail to pay, they will face high fines. If they pay on time, they can enjoy certain tax exemptions and reductions. The mandatory pension, on the one hand, can well reduce the pressure of the government. On the other hand, it can enable the elderly to get a sufficient pension after retirement. At the same time, it also increases the source of funds for national savings and long-term investment.
The individual retirement account mainly consists of two parts. First, the employer pays 9.5% of more than the occupational annuity contribution rate for the employee. The second is the part of the employees' income after tax paid to the occupational pension account. Generally, high-income groups and talents introduced by the company can enjoy the benefits brought by the policy, but they can also choose other types of pension from private sectors.
In general, Australia's triple pension welfare system can bring stable security to most aged people. Those who do not have a retirement pension in Australia can get a fixed pension given by the government. People who retire from the company can get a pension from both the company and government. Besides, people who are affordable can design their own age program by making other additional investment in private sectors. Because Australia's social welfare is relatively attractive, coupled with various government subsidies, it is also known as "a paradise for lazy people".
There are also a variety of care models for the elderly in Australia. At present, there are three options: nursing home, retirement village and home care.
(1)Nursing homes are mainly provided for the elderly who cannot live independently due to health reasons. The elderly need to receive the health test provided by the government before moving in. After approved by the test, the elderly will be then determined the nursing level and accept asset evaluation. The purpose of this is to enable the government to better subsidize the elderly. If the assets are above certain limits, the subsidy will be reduced. The elderly will not receive the subsidy directly since the government gives the subsidy directly to the nursing home. In the nursing home, the aged can get the daily care and assistance, and the nursing staff are strictly screened and work with certificates, which ensures the security.
(2)Retirement village is a residential community for the elderly built by the Australian government and developers. It is very suitable for the elderly who can take care of themselves. Entering the retirement village does not need to do health tests, and does not enjoy government subsidies. There are differences between the retirement village and the daily living community. The houses inside the retirement village are specially designed. There are safety call buttons in the rooms, and the floors are skid-resistant. Basically, gas is not used but electrical in such village houses. At the same time, there are people who monitor the elderly 24 hours.
(3)Home care is mainly for the elderly who are unwilling to stay in the nursing home and have difficulty moving and travelling. The government will arrange nursing staff to provide door-to-door services for the senior people. They will provide assistance include bathing, dining, cleaning, medical treatment, etc. The elderly who apply for home care also needs to be tested for health, and then determined the level of care.
The living environment in Australia is very good. Coupled with very favorable pension benefits, the number of people going to the country for passing their retirement life is keeping increasing.