Sep 8, 2026 – 10.30pmTreasurer Jim Chalmers says the next federal election will be an existential moment for compulsory superannuation, as he reveals new figures showing the long-term budget cost of the age pension will be $15 billion a year less in today’s dollars due to more people being able to fund their own retirement through super.With One Nation and the Coalition both canvassing weakening the 12 per cent compulsory superannuation contribution, Chalmers has brought forward part of Treasury’s intergenerational report, due for release on September 21, to warn against meddling, saying the cost will be borne by today’s young adults and those who come after them.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles