Australia. Release the Retirement Income Review: Labor
Labor MP Stephen Jones has joined ASFA and the Business Council of Australia in demanding the government release the long-awaited Retirement Income Review ahead of more changes to super.
Jones, who was speaking at an online event for ASFA, criticised the government’s latest raft of superannuation reforms and the early release of super (ERS) program.
“The Superannuation Minister [Jane Hume]- who flips and flops between ambivalent and conflicted in her own portfolio – argues that there is no cost to young Australians draining their superannuation when a 30 year old will be $95,000 worse off at retirement,” Jones said.
“The Prime Minister and Treasurer are keen to promote unlikely allies – large charities and a few left-leaning economists – in its ideological campaign to cut superannuation.
What they won’t tell you is that these groups at the same time are calling on the government to increase the pension. Not by a small amount, but a very large amount.”
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