"Claims by Labour and unions about superannuation entitlements under National are about as credible as a Helen Clark painting," says National's finance spokesman David Carter.

Mr Carter says both National and Labour are committed to the current superannuation scheme, which guarantees retirement income of 65 per cent of the net average wage at age 65.

"However, where we do disagree with Labour is about how to provide a secure long-term future for New Zealand's changing demographics.

"Labour is locking New Zealanders into higher taxes for at least the next 30 years to provide the $2 billion a year to the Cullen fund. It is then going to export the vast majority of this money overseas - to the benefit of other countries and not New Zealanders.

"Meanwhile, the Cullen fund - according to the Government's own figures - will only provide about 10 per cent of New Zealand's superannuation requirements in 30 years time.

"National believes the best way to tackle New Zealand's ageing population is to set the country on a path of long-term, sustainable growth rates. Our economic framework is about locking in high growth rates that will provide a better future for all New Zealanders.

Mr Carter says voters at this year's election have two clear options.

"New Zealander's have a stark choice between Labour's high taxes, low ambitions and politics of envy, or National's aim of creating a world-class economy that allows for world-class health and education as well as rewarding success," Mr Carter concluded.

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