delete Defence Force Retirement and Death Benefits (Annual Rates of Pay) Regulations (Amendment)
Amendment to regulations governing annual pay rates for Defence Force retirement and death benefits.
Government-mandated military pensions create moral hazard, crowd out private retirement planning, and require coercive taxation. Unseen costs include distorted career incentives (joining for benefits rather than service), bureaucratic administration, and suppression of market-based insurance products tailored to military risk. Retirement security should emerge from voluntary savings and private contracts, not state decrees.