Retirement System Review

How can we improve the prognosis for our maturing Australians? Suggestions, ideas, proposals for better social and health issues, including retirement accommodation, etc.

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Perrorist
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Retirement System Review

Post by Perrorist » 28 Sep 2019, 17:51


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Dreamweaver
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Re: Retirement System Review

Post by Dreamweaver » 29 Sep 2019, 00:55

'Women are having nightmares about their retirement'
New research shows half of all women currently in their late 50s will finish work with less than $50,000 in superannuation..
"Members of the Liberal Party in the Government have called for superannuation to be cut, they don't want to see the superannuation guarantee go to 12 per cent

Shadow Treasurer Jim Chalmers expressed concern about the inquiry delaying the superannuation guarantee increase.

"We don't want to see the extremists on the Liberal Party backbench get their way," he said.

"The Government's obviously gearing up to cut superannuation by slowing the increase of the superannuation guarantee which was legislated, and which Australian workers need and deserve," he said.

Dr Chalmers also criticised the timing of the Government's announcement, which was made on Friday afternoon.

"If the Government was serious about this retirement income review they wouldn't have dropped it out on the eve of Grand Final weekend, hoping nobody would notice," he said.

"Labor will engage with the retirement income review as we see appropriate, and when we see fit"
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