superannuation
Coverage of superannuation in the Nexus archive.
- Verification into genuineness of community certificates legally permissible even after retirement, rules Full Bench of Madras High Court
The Madras High Court ruled that verifying an employee’s caste status through community certificates remains legally permissible even after retirement if the process was initiated before superannuation. The court clarified that such verification does not lapse upon retirement.
- Trump said Australia’s system ‘worked out very well’ with $200,000 saved by 67 — so why didn’t he apply that model to Trump Accounts?
President Donald Trump cited Australia’s retirement savings model as inspiration for his proposal to offer US$1,000 savings accounts to newborns, aiming to address the U.S. retirement crisis. Australia’s compulsory superannuation system holds A$4.44 trillion, while the U.S. Social Security trust fund is projected to deplete by 2032. Trump’s 'Trump Accounts' allow government contributions for eligible children, with investments transitioning to retirement-like rules at age 18.