National Superannuation is a great scheme. It allows people to live with dignity whether they are in paid work or not. It has been around in non-means-tested form ever since 1938. National party stalwart Rob Muldoon insisted on a national superannuation rate of 80% of the average wage for couples.
Universal national superannuation survived the era of Rogernomics and Ruthanasia. Almost. The age of eligibility was raised from 60yrs to 65yrs, and the rate dropped to 66% of the net average wage. And politicians, neoliberal economists, and the independently wealthy have been trying to work out ways to get rid of it ever since. Continue reading