Whats Bill Shorten going on about over the delay in increasing - TopicsExpress



          

Whats Bill Shorten going on about over the delay in increasing employers super contributions to 12%? As economist Peter Martin says Labor legislated to increase compulsory super recklessly. After being stalled at 9 per cent of pay since 2002, Labor wanted to lift it to 12 per cent, lifting it at first by 0.25 per cent of pay in June 2013 and 2014 then by 0.5 per cent in each of the next five years. Labor knew the money would come out of wage rises. Its superannuation minister Bill Shorten said so. By 2019 they would be earning 2.5 per cent less than if the government had left compulsory super alone. Read more: smh.au/federal-politics/political-opinion/superannuation-the-coalition-helps-the-workers-20140902-10bfmg.html#ixzz3CEXRwTY7
Posted on: Wed, 03 Sep 2014 07:00:39 +0000

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