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


Security in Superannuation

29 November 2004

Don Brash - National Party Leader

Security in Superannuation

Opposition Leader Don Brash tonight confirmed the National Party's support for the New Zealand Superannuation Fund.

"If New Zealand is ever to gain some certainty about how we are to deal with the sustainability of the New Zealand Superannuation scheme, then it is going to require an opposition political party to make the hard decision to stop kicking the political football," he said in a speech tonight.

"If ever we are going to give New Zealanders the greater certainty they deserve about retirement savings, a Leader of the Opposition is going to have to declare the game over.

"And that is what I am doing tonight.

"Tonight I am announcing that National will retain the New Zealand Superannuation Fund.

"National will continue the New Zealand Superannuation Fund in its current form, and with the current contribution rate. There will be no difference between the two major parties on this, and that will allow a more productive discussion about how we deal with the strains on financing superannuation through the middle part of this century.

"We - and I mean all political parties - do need to establish a process for exploring the need for future changes if, in the future, they look to be necessary. And that process should be as distanced from political manoeuvring as possible, just as we have removed the day-to-day control of monetary policy from political control.

"In my view, the Retirement Commission's role should be extended.

"A National Government will ask the Retirement Commission to lead the debate that New Zealand must now have on the issues that I have touched on. To that end, we intend strengthening the Retirement Commission so it has the necessary resources - both money and people.

"This suggested framework would, to the greatest extent possible, de-politicise the issues and the process, in particular by having a very long horizon - looking at any changes that might be necessary 20 years ahead. However, it won't remove from Parliament the ultimate responsibility for bringing into law changes that are needed to give younger New Zealanders the certainty they deserve," Dr Brash said.


© 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