In the 1980s, a compulsory national superannuation scheme was gaining momentum as a policy approach.
(6.) 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.
As recently as 1974, private super was held by only 32 per cent of the workforce, with coverage concentrated among men in highly paid positions in managerial, professional, public service and financial sector positions (National Superannuation
Committee of Enquiry 1976: 8).
(1983) Income in Old Age: Is National Superannuation