Qld Govt rules out super hit

The Queensland Government has ruled out any use of public servants' superannuation to help bolster its Budget position.

After a morning of speculation that the Government might seek to utilise access to public service super to help its Budget position, the State Treasurer, Curtis Pitt, formally ruled out such a move and attributed the speculation to "opposition 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.

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

Pitt said the Queensland Government's defined benefit scheme was fully funded, and would remain fully funded.

"There will be no change to the entitlements of defined benefit members in [the] State Budget," he said.

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




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