ABC fact check has confirmed that superannuation is not designed to replace the Old Age Pension when it was introduced. Hawk and Keating have confirmed it was designed to in prove the standard of living for those on the pension. NOT keep them in poverty. The Liberal government has set out to use it to cut Pension entitlements in stead of enhance it.
I have just read the ABC Fact check site and this is the conclusion to the assault by the liberal party on Australians.
The claim: Assistant Treasurer Kelly O'Dwyer says that Australia's superannuation system "was set up to be an alternative to the aged pension so that people didn't have to rely upon the aged pension or even the part pension".
The verdict: Key figures in the introduction of compulsory super in Australia say it was introduced for a number of reasons, including a desire to relieve pressure on the social security system as the population ages. But the governments of the day did not sell the policy as a way to get people off the pension and instead said that most people would still get at least a part pension. Ms O'Dwyer is ill-informed.