The first step in reducing the cost of superannuation is, of course, to restrict it to those who have retired at a certain age. Sixty-five years old will do fine for the moment, if no superannuation is paid to those who continue to receive wages, salary, commissions or self-employment income. One has to be unemployed to receive Jobseeker Support; it's a no-brainer that one should need to be retired to receive superannuation.
As well as producing a substantial cost saving, it would also encourage retirees to quit jobs that are needed by other family providers - win/win.
And if there comes a need to further reduce the cost of superannuation funded by dwindling taxpayers, it needs to be well understood that the few taxpayers is a result of the have-your-cake-and-eat-it-too baby boomers who in my opinion failed to adequately reproduce. But there are many exceptions and, thus, it is grossly inequitable to impose an across-the-board restriction of entitlement. It would be very simple to dispense justice by applying a 70-year-old, for example, threshold for entitlement, and allowing a year's reduction for each taxpayer raised by an applicant.
That might have the added bonus of encouraging couples of child-bearing age to reproduce more adequately. If our reproduction rate doesn't improve, the problem is never going away.
LEO LEITCH
Benneydale
'Super ball'
Jim Adams (letters, March 9) rightfully exposes an inconvenient truth in that working people over 65 years old collect the super, whether they work or not, when those under 65 who work can not. Is this reasonable to taxpayers, particularly those expected to pick up the intergenerational super tax tab for the baby boomer cohort? I say not.
Political parties are once again picking up the election issue "super ball".