I joined the public sector way back in 1983
When superannuation was not compulsory
They made an offer to me
Give up six percent of your wage
And we'll look after you
At the end of your day
In your old age
Now I'm living the dream
On the old pension scheme
Not a care in the world
Retired in luxury
Now I travel the world
And I buy nice things
Cos I'm living the dream
On the old pension scheme
I didn't have to wait until I was 65
I walked straight out the door
When I was 55
A lifetime indexed pension
For the rest of my life
And even when I die
I heard they pay it to my wife
My sweet wife
Now I'm living the dream
On the old pension scheme
Not a care in the world
Retired in luxury
Now I travel the world
And I buy nice things
Cos I'm living the dream
On the old pension scheme
I'm so glad I signed-up when I did
The scheme was canned in 1986
No-one else could join the pension scheme
They're probably still all working, unlike me
Cos I'm living the dream
On the old pension scheme
Not a care in the world
Retired in luxury
Now I travel the world
And I buy nice things
Cos I'm living the dream
On the old pension scheme
