And finally—colleagues, hold on—our universal superannuation entitlement is unsustainable. People just live longer. It’s true, though, that abandoning universality or just increasing the age of entitlement are both likely to hit the people who need the most support the hardest. So here’s a thought. A means-tested entitlement from age 60 and a universal entitlement from age 70.
A pity it took his valedictory for him to tell the truth about Superannuation. The age of 65 is clearly unsustainable and should move to 70.