The architect of the nation's superannuation system is calling for the pace at which employer contributions rise to be halved.
Dr Vince FitzGerald helped design the system under the Keating government. The super guarantee is scheduled to increase from 9.5 per cent to 10 per cent from July 2021 and continue growing by 0.5 per cent annually over four years. Image: Getty
Compulsory superannuation is a 'Reverse Robin Hood' scam that takes from young workers and part-time workers and gives to the rich. A national disgrace.
These contributions are actually people wage rises taken from them and locked up for 40 years. Tell me another country this happens. 🥴
If employees are paid weekly then it should be put in weekly. Employers get the interest from money that is legally ours, just another way they are ripping us of.
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