Coalition to abolish Super Guarantee age limit
Mature-age workers who choose to remain in the workforce will become the big winners under a plan by the Coalition to abolish the Superannuation Guarantee age limit.
Shadow Minister for Seniors, Bronwyn Bishop, has announced that an Abbott Coalition government would, from 1st July 2013, totally abolish the Superannuation Guarantee age limit.
Currently, the Superannuation Guarantee only applies to workers up to the age of 70. Under the Coalition’s plan, any worker, no matter their age, will be guaranteed to receive superannuation contributions from their employer.
“The current age limit set on the Superannuation Guarantee unfairly discriminates against older workers and forces them into retirement, when many want to continue in the paid workforce,” Mrs Bishop said.
“Mature-aged workers are one of Australia’s greatest unrealised resources Australia has. The Coalition’s plan goes a long way to unlocking and realising the full potential of senior Australians,” Mrs Bishop said.
National Seniors Australia (NSA) welcomed the Coalition’s announcement to abolish the Superannuation Guarantee age limit but stressed it’s just the first step in tackling ageism.
“We now need the Labor Party to make the same commitment and I am calling on them to make that commitment now,” Mr O’Neill said.
“Anyone who chooses to work, no matter what their age, should be entitled to the same financial remuneration,” he said.
