The public service super scandal

Further, why are state governments allowed to circumvent current superannuation best practice of fully funded schemes in lieu of defined benefits schemes? The state governments want to do it of course, to alleviate short term funding expenses in their state budgets. This is really foolish; short term gain for long term pain. Unfunded future liabilities was the whole reason the superannuation guarantee levy was introduced and the federal government moved away from defined benefit schemes. Yet state governments continue with their constitution schemes.
This should be looked at as well.


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