The accuracy of the content is not guaranteed. Please rely only on the authorised document. Unions will seek a fair share for retired Australians by campaigning to boost the minimum superannuation contribution to 15 percent, ACTU Secretary, Mr Greg Combet said today. Speaking at the ACTU congress in Wollongong today, Mr Combet said this would help ensure adequate retirement income for Australian families. Unions will build support for a move to 15 percent contributions through collective bargaining, government policy and legislation. Currently the Superannuation Guarantee Charge is seven percent. This will rise to eight percent from July 2000 and nine percent in July 2002. The move to 15 percent is a long-term campaign, which will build on the success of superannuation in Australia. Since 1984 Unions have helped build a superannuation system characterised by universal access, strong returns, low fees and representation from employers and employees on superannuation trustee boards. Improved superannuation will give greater security to Australian families, boost national savings and create a fairer society. In Australia the average income of the most affluent 10% has skyrocketed by almost $200 a week since 1982 - up to six times more than anyone at the bottom of the income scale has received. Media contact: George Wright – 0419 556 616
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