August 24, 2023 BY Elizabeth Anderson
Australia's 'super' power is lifting the pension burden
The Intergenerational Report shows the aged pension will decline from 2.3% of GDP to 2 per cent by 2062-63, even as other cost associated with an ageing population soar. Super is already easing the cost burden of the pension. APRA’s superannuation bulletin has confirmed that super funds already pay out more than double in benefits…
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