19 March, 2012 | ACTU Media Release
With a new national poll showing 75% of Australians support lifting superannuation to 12%, the ACTU has joined with the Australian Institute of Superannuation Trustees (AIST) in calling on Parliament to pass the super legislation this week.
ACTU President Ged Kearney said more than 8 million working Australians would be better off in retirement as a result of the proposed new laws with some workers getting up to $143,000 more.
“Senators should stop dawdling on super,” Ms Kearney said. “The next few days are the last chance to pass the legislation before a long Parliamentary break before the May Budget.
“It is time for all Parliamentarians, including the Liberals, Nationals, Greens and Independents, to stop putting at risk the retirement savings of working Australians.
“The average 25-year-old worker could gain an extra $143,000 in their retirement savings from a move to increase the Superannuation Guarantee from 9% to 12%.
“The Labor Government is again showing great national leadership on superannuation and the protection of workers’ retirements. This is in stark contrast to Tony Abbott’s opposition to the resources tax package and his recent attack on industry superannuation which both show he is not interested in protecting workers and acting in the national interest,” Ms Kearney said.
The ACTU is today sending to the Superannuation Minister Bill Shorten an online petition signed by more than 6000 Australians calling for the Parliament to pass the super legislation.
The petition states: ‘Superannuation is an essential part of helping ensure that every Australian worker can enjoy a more comfortable retirement. It helps the nation care for an ageing population and provides a savings pool for investment in Australian companies and major infrastructure.
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