The architect of Australia’s compulsory superannuation system, Paul Keating, has once again demanded the federal government to raise Australia’s superannuation guarantee (i.e. compulsory superannuation contributions) from 9.5% to 12%, claiming it would ensure workers retire with dignity:
Mr Keating told 7.30 that super payments had to be raised to 12 per cent, though that would “barely cut it”.
