Barry Leddicoat

Does Curtis Pitt have a super (bad) idea for first Budget?

UPDATE: TREASURER Curtis Pitt has ruled out 'raiding' public servants' superannuation funds, accusing the Opposition of scaremongering.

"We made a commitment at the election to maintain a fully funded public sector superannuation scheme, unlike any other State or Territory in the nation, and that's what we'll deliver," he said in a statement on Monday.

"No money is being taken out - nothing is being 'raided'.

"The Queensland Government's defined benefit scheme is fully funded, and will remain fully funded.

"There will be no change to the entitlements of defined benefit members in tomorrow's State Budget.

"There will also be no changes to the accumulation fund, to which the majority of public servants belong.

"This is another malicious fear campaign from the LNP, who told Queensland's hard-working public servants their jobs were safe, before sacking 24,000 of them.

"The LNP spent three years showing no regard for public servants and they've demonstrated that yet again with scaremongering about their super."
 

EARLIER: TREASURER Curtis Pitt has refused to rule out dipping into the public servant superannuation fund ahead of handing down his first budget on Tuesday.

The Queensland Government traditionally fully funds long service leave, its super liabilities and other public servant entitlements with the money sitting there for when it is needed.

The Opposition floated the idea the government would utilise it to help it fulfil its election promises, either by drawing down on the fund, or taking a holiday on paying its on-going contributions, which would impact the fund's growth.

On Monday, Mr Pitt dodged the questions.

"We will be releasing in tomorrow's budget a range of initiatives and of course we will be giving more detail in terms of how we look at our debt action plan and how we will be approaching the next three years in government," he said.

More on this at Brisbanetimes.com.au



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