Superannuation at the centre of attention

Superannuation at the centre of attention

SYDNEY, AUSTRALIA - JUNE 19: Former prime minister Paul Keating waits for Leader of the Opposition Bill Shorten at the Labor campaign launch at the Joan Sutherland Performing Arts Centre as part of the 2016 election campaign on June 19, 2016 in Penrith, Sydney, Australia. (Photo by Mick Tsikas-Pool/Getty Images)

Superannuation at the centre of attention - Politics, Policy, Political Views

Suddenly, superannuation has become a hot-button issue in Australia. Germany was the first modern state to introduce old-age pensions. That was in 1889 when Bismarck required all employees to contribute to funding their retirement incomes. Australia and Britain introduced means-tested but non-contributory pensions in 1908. Britain’s was shifted to a (partial) contributory basis in 1925. In principle, Australia began moving to a fully contributor…