This will achieve nothing for existing Seniors or retirees.

The problem with the Super Funds, basically is the massive

management overheads & costs. My personal belief is that

their should be a single National Super Fund which the

Government should pay interest at, say 4% & those funds

should be used as a National Infrastructure Fund instead

of constantly borrowing offshore. It would create a much

more efficient system & would be a win, win situation for all.

Those who accept the super contribution of employers and make no contribution of their own are spongers. .All recipients of the employer contribution should be made to make a personal contribution as well. Furthermore, those who find an excuse to draw down before retirement should not be able to draw any government contributions.

I know that arrangements are made to allow reciprocal agreements between nations, but I think that we would come out on the right side if we abandoned such agreements and required pension holders to stay here and spend their money in THIS economy rather than a foreign one.

There is always 2 sides to every story.

Yes moving from 9% to 12% will have some benefit in the long term.

But it will be reflected in prices and international competitiveness which will make us more vulnerable to overseas economic conditions.

There's never a right answer, but usually a balancing act.

User pays vs tax increases. Personal contributions versus budget blowouts.

Good budget expenditure versus gross waste and mismanagement.



Everyone will have there own view on the current mix.