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


Super Savings Essential Says Peters

15 September 2004

Super Savings Essential Says Peters

Rt Winston Peters says the latest proposal from the Government to set up a limited central superannuation savings scheme is a small step in the right direction but it does not go nearly far enough.

Mr Peters has campaigned for many years to set up a compulsory, state administered, savings and superannuation scheme to provide both a guaranteed retirement fund and investment finance for New Zealand projects.

“The present level of superannuation is not enough to support many people in their retirement,” said Mr Peters.

“Rising local body rates, insurance costs and interest rates, as well as increasing health care costs have meant that current saving levels provide only the bare minimum retirement income.

“The automatic enrolment of new staff in a savings scheme is encouraging, but people have the option of withdrawing from this if they choose.

“Being able to opt out of the savings scheme means that we can’t guarantee sufficient retirement funds.

“A compulsory saving scheme or an employer-based retirement scheme is a way to ensure that people will save for their retirement – even if they do so begrudgingly,” concluded Mr Peters.


© 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>>


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>>


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>>


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>>


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>>


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>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news