Government pushed on SG rise amid ‘grim forecast’ for wages
Scrapping the super guarantee increase will fail to result in higher wages and is likely to result in reduced retirement savings, says a union body.
Following comments by Scott Morrison in a press conference last week that the government will be “carefully considering” whether to proceed with the increase in the superannuation guarantee (SG) in light of the impact of COVID-19, the Australian Council of Trade Unions (ACTU) has warned that delaying the SG increase will result in less retirement savings.
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