Victoria Workers Get Deprived of Over A Billion Dollars in Super

Trainee steelworker at One Steel in Melbourne, Australia on April 30, 2013. AAP Image/Julian Smith

Victorian employers are underpaying their workers an estimated $1.2 billion (US$861 million) each year in superannuation, an analysis has found.

According to Industry Super Australia (ISA), more than 760,000 employees in the state received $1,606 (US$1,153) less in retirement savings on average in the 2018/2019 financial year.