Workers bear 71% to 100% of the cost of increases in compulsory super

The government’s much-anticipated Retirement Incomes Review has found that increases in employer’s compulsory superannuation contributions are financed by reductions in workers’ wage growth.

This isn’t obvious, and it certainly isn’t what the superannuation industry has been saying.

Legally, those contributions (at present 9.5% of each wage) come from…