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

 


Maharey meets with retirement income review group

17 March 2003 Media Statement

Maharey meets with retirement income review group

Social Services and Employment Minister Steve Maharey today met with the members of the expert panel advising the government on ways to encourage greater private provision for retirement income.

The Group comprises investment specialist Vance Arkinstall (chair), trade unionist Lynn Middleton, human resources advisor Owen Nash, Retirement Commissioner Diana Crossan, with officials from the Ministry of Social Development, the Treasury and the Inland Revenue Department. The Retirement Income Act 1993 requires that a Periodic Reporting Group is established at 6 yearly intervals to prepare a report on the retirement income policies of the New Zealand government. The Group’s report is due by 31 December 2003.

Steve Maharey said the government would like to see more New Zealanders saving for their retirement.

“Setting aside funds throughout your working life is a sensible course which the government wants to make a more realistic option for New Zealanders. We have asked the Periodic Report Group for advice on the practical steps we could take to achieve this goal.

“The government has guaranteed a basic living standard for older New Zealanders by reversing the superannuation cuts of the 1990s and establishing the New Zealand Superannuation Fund to assist in meeting the cost of an ageing population. However we know that people look forward to a range of new experiences in retirement and it is important that they save for these during their working lives.

“Retirement income policies have been something of a political football in New Zealand. It is important to state that this government is not looking at cutting superannuation rates or raising the qualifying age which is currently set at 65.

“Older New Zealanders do feel vulnerable when political parties suggest changing the superannuation system. In that light I would note that National finance spokesperson Don Brash has recently been floating raising the qualifying age above 65. The government belives this is unnecessary and undesirable,” Steve Maharey said.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news