JohnK said:
And yes I am saving for my own retirement and do not expect anyone to hand me pension to take care of me when I retire.
Whereas it is fantastic to save and take personal responsibility for retirement, surely when people are receiving super as part of their salary package, they are not getting something for nothing - aren't they working for it?
Presumably you earn some sort of income to be able to make those savings for your own retirement?
If you are in a salaried position presumably you are receiving at least 9% of your wage as super contributions as per Australian law?
Even if you are self employed, surely you are legally obliged to make those payments in to a super fund (unless of course you are living off dividend payments and avoiding paying yourself a salary)?
If you were living and working in the UK surely you would need either to have a super contribution from your employer OR have sufficient income to be able to afford to make those savings to supplement the (very) basic state pension?
Presumbly you would be very reluctant for your employer to lower your pay or just not bother to make the super payments you are entitled to?
A friend of mine working as a PT in the local gym is being ripped off since the gym owners are failing to pay compulsory super payments - should she fight for that part of her rightful salary package or keep quiet in case she loses her job?
Presumably (whether you personally like unions or not) it is their mission to protect basic salary components of all members within the ambit of the local laws and thus unsurprising that they would be concerned about removal of pension contributions from salary packages?
This is especially true since some companies break the law and cheat their present and past employees by raiding their accrued/accruing corporate pension funds (think Robert Maxwell).
Having said all of that, I am rather glad that I have no immediate travel plans either on QF or to the UK!