A Super referendum

Pete George blogs:

As soon as practical after this year’s election (next year) we should have an survey type referendum (non-binding)that asks us the public what we want. It should ask questions on:

• age of eligibility
• set age or flexible
• means testing
• rate of payment – indexed or otherwise
• Super fund contributions locked in or not
• targeted assistance for those who have to retire younger for health reasons
• anything else?

Then all parties MPs in Parliament, using the help of an expert group, should work together to come up with a legislative package based on public preferences plus fiscal prudence and social responsibility. Any votes should be on a conscience basis.

The resulting package should then go to the public for a binding referendum vote.

The last time there was a referendum on superannuation, over 90% voted against the proposal.