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


United Future Welcomes Cullen Superannuation Move

Media statement

For immediate release

United Future welcomes Cullen superannuation move

Tuesday, 19 November 2002

United Future leader, Peter Dunne, and the party's finance spokesman, Gordon Copeland, have welcomed the invitation from Finance Minister, Dr Michael Cullen, for all political parties to sign up to the Government's superannuation scheme.

"We think it is essential that all parties agree to the scheme so that New Zealanders will at last gain a degree of certainty over their financial security in their retirement," the two men said.

Dr Cullen has invited all parties in Parliament to sign up to Parts 1 and 2 of the New Zealand Superannuation Act. Part 1 establishes that superannuation payments begin at age 65 at a rate of 65% of the average annual ordinary-time wage, while Part 2 sets up the so-called Cullen Fund which is to be invested so as to provide an income to fund part of New Zealand's future superannuation obligations.

Mr Dunne said "I believe it is crucial that we have a multi-party accord on superannuation to avoid the situation where a change of Government would see further upheaval in the country's superannuation policies. That's why I called for this accord in my speech to last weekend's United Future annual conference."

Mr Copeland said he had written to Dr Cullen earlier this month, suggesting the parties be asked to sign up and "I'm delighted the Minister has agreed to my request.

"After the election, I examined all parties' superannuation policies and some were not as clear as they might have been. I believe this process will enable all New Zealanders to be absolutely clear about where Parliament stands on this very important issue," he said.

United Future has indicated it will support both Parts 1 & 2 of the Act.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>


Corrections Corrected: Supreme Court Rules On Release Dates

Corrections has always followed the lawful rulings of the Court in its calculation of sentence release dates. On four previous occasions, the Court of Appeal had upheld Corrections’ practices in calculating pre-sentence detention. More>>


Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>


General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>


Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>


Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news