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…

• ABC

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…

• Paul Keating says…