Wednesday, 5 November 2003, 6:42 pm Press Release: Green Party
Super move, Mr Mallard!
The Green Party is congratulating
the Government for taking the lead in providing
employer-subsidised superannuation for public
servants.
"The Greens have been pushing the government for
several years to its money where its mouth is when it comes
to encouraging people to save for their retirement," said
Green Co-leader Rod Donald.
"Today's announcement is one
small step in the right direction but it's still a long way
from the level of support that used to be provided in the
days of the Government Superannuation Fund.
"We can only
hope that State Services Minister, Trevor Mallard will be
able to persuade Finance Minister Michael Cullen to lift the
level of subsidy above the miserly three per cent he's
currently offering.
"It's also a shame that only those
public servants earning more than $60,000 will get a six per
cent tax incentive on the government subsidy, while middle
and low income state employees will miss out."
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