The superannuation fund is a complete and utter waste of time, says a researcher. Photo: 123rf.com
Opinion
The superannuation fund is a complete and utter waste of time, says a superannuation researcher.
Michael Littlewood is commenting on Labour's plan to restart government contributions to the fund if elected, adding more than $7.5 billion to the fund by 2022.
He feels the Government should pay pensions as we
go, like other OECD countries.
Mr Littlewood told Larry Williams the pay-as-you-go method which we used until the fund started, is the best way of paying for public pensions.
Listen: Superannuation researcher Micheal Littlewood speaks to Newstalk ZB's Larry Williams on Mike Hosking Breakfast