Paul Keating says raising superannuation to 12 per cent will ‘barely cut it’
Former prime minister Paul Keating has rejected a Grattan Institute report that suggested scrapping plans to raise compulsory super payments from 9.5 per cent to 12 per cent, and raising the…
Mr Keating, whose government introduced compulsory superannuation contributions, said Grattan Institute chief executive John Daley had a “miserable view” of the world.
Mr Keating told 7.30 that super payments had to be raised to 12 per cent, though that would “barely cut it”.
“When I introduced super 32 years ago, people retired at about 65 and they died about 83 or 85,” Mr Keating said.
“In the 30…