Getting Australian workers to save more in order to become more self-reliant in retirement is a policy idea most people understand.
Over time there is increasing pressure on government funding of the age pension.
In 2013-14, around 70% of Age Pension eligible Australians were receiving the pension, with 60% receiving the full-rate pension. At the same time, age pension costs are projected to increase from 2.9% of GDP in 2014-15 to 3.6% of GDP in 2054-55. This is significant cost to the Australian economy.