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About RIM

The Retirement and Income Modelling Unit (RIM) continues the work of the Retirement Income Modelling Task Force that commenced operation in August 1992. In 1997 the RIM Task Force became the Retirement and Income Modelling Unit and joined the Commonwealth Treasury. The RIM Unit has expanded in scope, now undertaking a wider range of costing and modelling work for personal income and tax related issues. The Unit also played a key role in the projections for the Intergenerational Report.

The RIM Unit provides costings for retirement and personal incomes, distributional and hypothetical analysis, projections, briefings/ responses to issues and is involved in revenue estimate and tax expenditure calculations.

These areas of work require the use of a number of superannuation and demographic models (see models page for further details), in conjunction with data acquired from a variety of sources, such as ABS data (SEAS, SIHC, IDS and HES data), ATO sample tax file data, HILDA and STINMOD.

History of RIM

The Retirement Income Modelling Task Force commenced operation in August 1992.

The Retirement Income Modelling (RIM) Task Force had as its principle object "To develop a capacity for modelling the impact of retirement income policies over the next half century and provide advice to departments and Ministers as required on policy options affecting retirement incomes."

The Task Force was concerned with dynamic simulation modelling of the interaction of superannuation, labour markets, social security and taxation over a 60 year time horizon at both an aggregate and individual-based level. To meet this objective, models were required to project these interactions out to at least 2051. By then a full generation will have benefited from a fully phased in Superannuation Guarantee. To this end, the RIM Task Force developed six superannuation models. In 1997 the RIM Task Force became the Retirement and Income Modelling Unit and joined the Commonwealth Treasury.

The RIM Unit continues the work of the Task Force but has expanded in scope, now undertaking a wider range of costing and modelling work for personal income and tax related issues. The Unit also played a key role in the projections for the Intergenerational Report.RIM has created a personal tax microsimulation model for modelling of personal tax issues. RIM’s modelling of household incomes utilises a RIM modified version of NATSEM’s STINMOD model.


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