The Superannuation saga…..

The Australian Independent Media Network

Crocodile tears Crocodile tears

While a pained Joe Hockey tells us his “truth” about the mess Labor has supposedly left, and that the old age pension is no longer affordable so we must work till we drop, it is worth remembering the Coalition’s history on superannuation. Had they listened to Whitlam, had Keating won, had Howard kept his election promise, had Abbott and Hockey stuck to their word, the future may not look so bleak for those who have worked for a lifetime yet still face a retirement dependent on the pittance the government chooses to give them.

1972

Compulsory national superannuation was initially proposed as part of the 1972 Whitlam initiatives but up until the 1980s superannuation was solely the privilege of predominantly male professions, clustered in the public sector or available after a long qualifying period in the private sector.

1985

In 1985 then Leader of the Opposition, John…

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