In the 1980s, a compulsory national superannuation scheme was gaining momentum as a policy approach.
While a state-based contributory insurance scheme and a national superannuation scheme are based on similar deservingness principles, it is important to emphasise that the design structures of these two schemes are very different.
Lifting the national Superannuation
Guarantee from the current 9% to 12% means the average 30-year-old woman would retire with $108,000 more superannuation.
A vibrant retail corporate bond market will put competitive pressure on bank lending rates to business and allow us to harness our national superannuation
savings so we can domestically fund more productive investment in our economy and reduce our reliance on offshore wholesale funding markets.
The reason he gives is that Australia is not encumbered with a national superannuation
scheme of the pay-as-you-go, defined-benefits variety, in contrast to the bulk of countries in the OECD.
1983) Income in Old Age: Is National Superannuation
It will help to harness our national superannuation
savings so we can domestically fund more productive investment in our economy, via both the banking system and the corporate sector, reducing our reliance on offshore wholesale funding markets.