Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Superannuation – Cullen’s Waterloo

ACT Finance spokesman Rodney Hide said today that Finance Minister Michael Cullen had promised for future retirees but was now delivering nothing.

“Superannuation is Michael Cullen’s Waterloo. He’s hiked the pension but made no provision for paying for it in the future.

“Dr Cullen was going to have a separate savings fund. He declared that was the key to making superannuation sustainable. He never fleshed out the details – and now he tells New Zealanders that his plans are on hold.

“Michael Cullen was going to put the $170 billion value of future pension liabilities on the government books as legal debt. Now that idea has gone into cold storage.

“ACT always said his ideas were barmy and would never see light of day. Cullen has now put them in the too-hard basket.

“But the problem of superannuation funding into the future remains. Dr Cullen might have the best super package for himself in the country – but he’s done nothing for the next generation of retirees except make their retirement more precarious. We desperately need a government that will face the facts on superannuation and stop selling future generations short,” said Rodney Hide.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

KiwiBailed: KiwiBuild Head Officially Resigns

The head of Kiwibuild, Stephen Barclay has officially resigned from the role. In a statement issued on his behalf, it was announced that he would step down from today [Friday].

Housing Minister Phil Twyford's office said he would not be commenting on Mr Barclay's resignation as it was an employment matter. Last month, Mr Twyford confirmed that Mr Barclay had not been at work for a number of weeks. More>>


Welfare Stats: Rise In Hardship Numbers Shows Income Inadequacy

The latest Ministry of Social Development quarterly report show that a record number of people have received hardship assistance from work and income, with an additional 40,000 hardship payments made between September and December 2018, compared to the previous quarter of the same year... More>>


DHBs "Prepared": Junior Doctors Strike Again

The needs of acute patients will be met during tomorrow's junior doctor strike, a DHB spokesperson says... Almost 3000 junior doctors are expected to walk off the job, which will affect all DHBs apart from West Coast District Health Board. More>>


Gordon Campbell: On MBIE’s Social Media Scam

Given the ambit of MBIE’s work, almost any form of social activity could qualify as being part of MBIE’s brief, so the privacy threats posed by this training programme are extensive. The current oversight safeguards seem threadbare to non-existent. More>>


JusTrade: New Campaign For A 21th Century Trade Agenda

‘Critique is no longer enough. If anything is to really change, we need to step away from the existing framework and take a first-principles approach to rethinking what will work for the 21st century.’ More>>


Gordon Campbell: Thompson + Clark Are The Tip Of The Iceberg

How can we tell where and how any lines are being drawn? Oversight is not exactly robust. If it were, Thompson + Clark would have been out of contention for state security work ten years ago. More>>

Trainers: Taratahi Institute of Agriculture In Interim Liquidation

Taratahi employ 250 staff and this year has provided education to over 2500 students. Taratahi owns and manages 8 farms throughout the country. More>>


IPCA Report: Complaints About Deputy Commissioner Wallace Haumaha

The Authority has found that DC Haumaha acted improperly by approaching staff and others to provide information to support him to refute the allegations about his 2016 conduct, or solicited other staff to do so on his behalf... More>>





InfoPages News Channels