Accounting for a Super Mystery

Accounting for a Super Mystery

We’ve all heard that the Australian Public Service’s superannuation schemes are generous, and a look at the budget papers would seem to confirm this, revealing that the Government is spending $14.1 billion on this entitlement. Put another way, public servants’ super appears to be a staggering 73 per cent of the $19.2 billion spent on wages and salaries. And, despite this large expenditure, there is still a massive $134 billion “unfunded superannuation liability” also recorded in the budget papers.

David Richardson

The Public Sector Informant

The Public Sector Informant
The Australia Institute

07 June 2011

David Richardson

David Richardson and The Australia Institute 

English

Commentary

Australia