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The policy use of the products of the Retirement Income Modelling Task Force

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Author
Phil Gallagher
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Conference Paper 95/3

Paper presented at the Colloquium of Superannuation Researchers, University of Melbourne, July 1995.

This paper reviews the potential and actual analytic contribution of the products of the Retirement Income Modelling Task Force using a framework of the long term risks in retirement income policy.

The products reviewed include six policy models, demographic and labour force projection models, and four unique detailed datasets.

The policy issues analysed include national fiscal and economic risks as well as adequacy issues for individuals and families.

The paper demonstrates how existing models and datasets have proved very useful for analysing policy issues, including the development of the Government's new superannuation co-contribution policy. The paper concludes that the products of the Task Force will represent a major contribution to retirement income policy analysis, once the major aggregate projection model, RIMGROUP is finalised.