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. However, ISA chief executive Bernie Dean said not many workers had knowledge of the problem. “This is a $1.2 billion a year rip off affecting nearly a third of Victoria’s workers, yet many of them remain unaware, assuming super is being paid because it appears on their payslip,” he said. The ISA said that while the Australian Taxation Office (ATO) was responsible for helping workers get back their unpaid super, it only recovered around 12 percent of the amount owed every year. Dean is calling for new laws that compel employers to pay super contributions and wages simultaneously rather than the current situation where …