Reported at www.actu.org.au: The ACTU warns that a proposed reduction of the superannuation guarantee from 12% to 9% by Coalition members could cost an average 30-year-old worker approximately $165,000 in retirement income.

The Coalition’s support for this change raises concerns about undermining the superannuation system.

ACTU Assistant Secretary Joseph Mitchell emphasizes that such reductions threaten workers’ retirement savings and reflects a broader struggle to protect workers’ entitlements against political decisions.