No Tenure / No Pension. A senator collects a salary while in office and receives no pay when they are out of office.
Senators (past, present & future) participates in Social Security. All funds in the senator retirement funds move to the Social Security system immediately. All future funds flow into the Social Security system, and senators participate with the Australian people. It may not be used for any other purpose.
Senators can purchase their own retirement plan, just as all Australian's do.
Senators will no longer vote themselves a pay raise. Parliamentary pay will rise by the lower of CPI or 3%.
Senators lose their current health care system and participate in the same health care system as the Australian people do.
Senators must equally abide by all laws they impose on the Australian people.
All contracts with past and present senators are void effective 1/1/2017. The Australian people did not make these contracts with senators. Senators made all these contracts for themselves. Serving in parliament is an honour, not a career. Our founding fathers envisioned citizen legislators, so ours should serve their term's, then go home and back to work.
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