Cutting superannuation sentences Australia’s lowest paid to a lifetime of poverty in their retirement years and forces more and more people to rely solely on the Aged Pension.
This not only hurts low paid workers but also means more pressure on the federal budget.
Quotes attributable to ACTU President Ged Kearney:
“Low paid workers, the majority of who are women, already struggle in retirement. This policy idea would only make things worse.
How about we top up low income earners super instead of what we currently do which is top up high income earners super?
Or, let’s push for a wage rise instead of cuts to penalty rates and make big corporations pay their taxes instead of giving them exemptions?
There are many solutions that would boost wages and taking away people’s retirement savings is not one of them.”
MEDIA CONTACT:Eleni Hale 0426 717 833