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Wage freezes, penalty rate cuts slashing workers’ super: report

Superannuation funds could be drained by as much as $100 billion as companies slash wages and force workers out of long-standing enterprise agreements to deliver better returns for shareholders, a union-commissioned report has found.

Wage freezes, penalty rate cuts slashing workers’ super: report
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The study cites wages theft, wage freezes, reduced penalty rates and cancelled workplace deals as factors diluting the overall superannuation pool, which could ultimately mean smaller retirement nest eggs for some Australian workers.

Read the full article on ABC Online.

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