Just means your actual pay will decrease by 3% over a period of time....
Remember that your superannuation is where the government takes 9% of your money away from your control and that you pay it and not your employer.... Its still yours but you can't use it...
Do the maths... Current employers nation wide are going to wear the new 3% costs???? Which they will have to recoup by not increasing your wages in the initial years....
Inflation will balance the book and the charade will continue where it looks like the employer pays it....
This is a total rort IMO.... The only one who really benifets will be the super funds... More money in the funds will mean a 3% payrise for the fund managers... NO wonder they are a cheering it along...
