Superannuation: changes must be made, say economists

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Tue, 12 Jun 2012 7:49a.m.

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Economist Shamubeel Eaqub says virtually every economist is in agreement that something has to be done about super.

Economist Shamubeel Eaqub says virtually every economist is in agreement that something has to be done about super.

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13/06/2012 2:07:39 p.m.

Raj wrote:

I do not think this change would do any better. it definitely ease the problem for 2 yrs and then everything setteled down down to usual equation. May be leaving it for the people to decide at what age they prefer to retire and make some adjustment for the yrs they work to the society, might give another way to approach this problem

12/06/2012 11:36:36 p.m.

Andrew wrote:

Mike, you ought to give it more thought. Private savings or payments into private super schemes to ensure that one can retire comfortably at 65 are going to have the same net effect on disposable income as an increase in taxation. It would make more sense if politicians were to forget about superannuation altogether and focus on finding ways to raise the country’s economic performance and to achieve full employment.

12/06/2012 10:09:21 p.m.

alison wrote:

My goodness MIKE. If you are making a packet out of your job with say the likes of an acc chairman and then on top of your already saved mills, your private super etc do you really think you should be entitled to claim the pension? For goodness sakes. You cannot take it with you. What about leaving an entitlement to the lesser minnows that work equally hard at their jobs. Its called compassion.