|Issue No 60||30 June 2000|
Superannuation to Hit 15 Per Cent
Unions will seek a fair share for retired Australians by campaigning to boost the minimum superannuation contribution to 15 per cent, following this week's ACTU Congress.
Speaking at the congress in Wollongong, Combet said this would help ensure adequate retirement income for Australian families.
Unions will build support for a move to 15 percent contributions through collective bargaining, government policy and legislation. Currently the Superannuation Guarantee Charge is seven percent. This will rise to eight percent from July 2000 and nine percent in July 2002.
The move to 15 percent is a long-term campaign, which will build on the success of superannuation in Australia. Since 1984 Unions have helped build a superannuation system characterised by universal access, strong returns, low fees and representation from employers and employees on superannuation trustee boards.
"Improved superannuation will give greater security to Australian families, boost national savings and create a fairer society ," Combet says.
In Australia the average income of the most affluent 10% has skyrocketed by almost $200 a week since 1982 - up to six times more than anyone at the bottom of the income scale has received.
Interview: Turning Tides
ACTU President Sharan Burrow reflects on the disappearance of the middle class and what the union movement can do about it
Unions: Fear and Loathing in Wollongong
For four days this week, too much unionism was barely enough. We bring you the highs and lows from behind the scenes and inside the bars of this week’s ACTU Congress.
Politics: The Group Hug
Opposition leader Kim Beazley came, saw and conga-ed. Here's what he said to the ACTU Congress.
History: Unions and Family Trees
Trade union records may not be the first port of call for a beginning family historian, but down the track a little, these records could bring to life an ancestor who previously was just a name printed on the page.
International: Fiji Bans Lifted
Fiji employers are expected to start reinstating all their workers over the next week, now that Australian union bans have been lifted at the request of the local union leadership.
Review: Room to Manoeuvre
Full employment with a highly skilled well-paid workforce is a realistic goal for Australia, despite the supposed constraints of globalisation.
Satire: Satan Subpoenaed To Cricket Inquiry
The King Commission of Inquiry into cricket match-fixing yesterday heard evidence from Satan that he never influenced Hansie Cronje to accept bribes.
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Last Modified: 15 Nov 2005