Jul 15, 2026 – 9.00amFormer prime minister Paul Keating – the architect of the nation’s sprawling $4.5 trillion superannuation sector – has told the government to integrate its public social security system with the private retirement savings sector, in what would be the single biggest shake-up of the aged pension in decades.The radical proposal to merge parts of Centrelink into the major super funds came as Aware Super chief executive Deanne Stewart told a roundtable that a growing number of retired Australians were only drawing down minimal amounts from their nest eggs due to fears they would run out of money.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles