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26-12-2010, 11:05am
Deposed Australian prime minister Kevin Rudd's $600,000 a year pension By Nick Tabakoff From: The Daily Telegraph June 30, 2010 12:00AM 203 commentsIncrease Text SizeDecrease Text SizePrintEmail Share
Add to DiggAdd to del.icio.usAdd to FacebookAdd to KwoffAdd to MyspaceAdd to NewsvineWhat are these? Silver lining ... Deposed Prime Minister Kevin Rudd, with his wife Therese Rein quit The Lodge, Canberra, last night. Mr Rudd will receive a pension of $600,000 a year if he leaves politics. Source: The Daily Telegraph
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DEPOSED prime minister Kevin Rudd will receive more than $600,000 a year for the rest of his life once he leaves politics.
The silver lining from Mr Rudd's tough week could come from the privileges of being a prime minister for at least a year.
It means he is entitled to superannuation, a gold air pass, a car, at least four personal staff, and his own CBD office space in Brisbane for the rest of his life.
Mr Rudd - at 52, a young ex-prime minister - could receive about $20 million worth of allowances if he lives to 85. This is despite the fact he served just 2 1/2 years as PM.
Mr Rudd and his family left The Lodge in Canberra to fly home to Brisbane. The size of Mr Rudd's superannuation will depend on the date of his departure and whether he again serves in the ministry.
If he retires at the upcoming election he will receive a pension of $118,346 a year for life. The payout will be much higher if Labor win the next election and Mr Rudd returns to the Cabinet.
Start of sidebar. Skip to end of sidebar.
Results: Kevin Rudd's futureThis poll is closed.
Should Kevin Rudd get a portfolio after the next election?
Yes 31.06% (1943 votes)
No 68.94% (4313 votes)
Total votes: 6256
Related CoveragePhotos: Kevin Rudd: Political years
Photos: Kevin Rudd look-alikes
Rudd checks out of the lodge
Cabinet bid: Rudd rusted on to his political prison
Simon Benson: Losing top job and his dignity
On fifth day: Julia Gillard shuts Rudd's kitchen cabinet
.End of sidebar. Return to start of sidebar.
If he serves a full term in Cabinet under an elected Gillard Government, then retires at the 2013 election, he will receive a lifetime pension of $145,987 a year, indexed.
Then there are a host of other benefits - the airline gold pass, which entitles ex-PMs up to 40 business class flights a year. If Mr Rudd takes 30 flights annually it will cost the taxpayer about $60,000 a year.
Once retired, he is entitled to his own office - worth about $120,000 a year in Brisbane - for the rest of his life, and four staff, which political insiders say will cost $240,000 a year.
Mr Rudd would also be entitled to the lease of a car worth up to $55,000 for the rest of his life. Leasing experts say this would be worth $1000 to 1500 a month.
And Mr Rudd will receive all of these benefits on top of his wife's estimated $56 million fortune.
Meanwhile, as a backbencher, Mr Rudd is still receiving just over $130,000 a year: a comedown from his former Prime Ministerial salary of almost $350,000 a year
Add to DiggAdd to del.icio.usAdd to FacebookAdd to KwoffAdd to MyspaceAdd to NewsvineWhat are these? Silver lining ... Deposed Prime Minister Kevin Rudd, with his wife Therese Rein quit The Lodge, Canberra, last night. Mr Rudd will receive a pension of $600,000 a year if he leaves politics. Source: The Daily Telegraph
Join us over on Facebook | Twitter
DEPOSED prime minister Kevin Rudd will receive more than $600,000 a year for the rest of his life once he leaves politics.
The silver lining from Mr Rudd's tough week could come from the privileges of being a prime minister for at least a year.
It means he is entitled to superannuation, a gold air pass, a car, at least four personal staff, and his own CBD office space in Brisbane for the rest of his life.
Mr Rudd - at 52, a young ex-prime minister - could receive about $20 million worth of allowances if he lives to 85. This is despite the fact he served just 2 1/2 years as PM.
Mr Rudd and his family left The Lodge in Canberra to fly home to Brisbane. The size of Mr Rudd's superannuation will depend on the date of his departure and whether he again serves in the ministry.
If he retires at the upcoming election he will receive a pension of $118,346 a year for life. The payout will be much higher if Labor win the next election and Mr Rudd returns to the Cabinet.
Start of sidebar. Skip to end of sidebar.
Results: Kevin Rudd's futureThis poll is closed.
Should Kevin Rudd get a portfolio after the next election?
Yes 31.06% (1943 votes)
No 68.94% (4313 votes)
Total votes: 6256
Related CoveragePhotos: Kevin Rudd: Political years
Photos: Kevin Rudd look-alikes
Rudd checks out of the lodge
Cabinet bid: Rudd rusted on to his political prison
Simon Benson: Losing top job and his dignity
On fifth day: Julia Gillard shuts Rudd's kitchen cabinet
.End of sidebar. Return to start of sidebar.
If he serves a full term in Cabinet under an elected Gillard Government, then retires at the 2013 election, he will receive a lifetime pension of $145,987 a year, indexed.
Then there are a host of other benefits - the airline gold pass, which entitles ex-PMs up to 40 business class flights a year. If Mr Rudd takes 30 flights annually it will cost the taxpayer about $60,000 a year.
Once retired, he is entitled to his own office - worth about $120,000 a year in Brisbane - for the rest of his life, and four staff, which political insiders say will cost $240,000 a year.
Mr Rudd would also be entitled to the lease of a car worth up to $55,000 for the rest of his life. Leasing experts say this would be worth $1000 to 1500 a month.
And Mr Rudd will receive all of these benefits on top of his wife's estimated $56 million fortune.
Meanwhile, as a backbencher, Mr Rudd is still receiving just over $130,000 a year: a comedown from his former Prime Ministerial salary of almost $350,000 a year