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


Maharey Continues Superannuation Deception

Maharey Continues Superannuation Deception

The Government is continuing to allow the rate of superannuation to fall below 65 percent of the net average wage (NAW) for most of the year and refuses to acknowledge that official figures confirm this deception, said Rt Hon Winston Peters.

His comments follow yet another attempt by Steve Maharey to hoodwink superannuitants into believing that their payment never falls below 65 percent of the Net Average Wage.

“Mr Maharey claims that just because the rate of superannuation is over 65 percent of the NAW in 1 April each year, the Government has met it commitments.

“What he fails to acknowledge, but what the official statistics show, is that by the June quarter of 2004 and the September quarter of 2003, the rate of superannuation had fallen below 65 per cent of the NAW.

“When will this minister understand that getting it right for one month a year does not make it right for the rest. His own colleague Rick Barker acknowledged this in answers to written questions on 2 September 2004 and again in oral questions on 4 November 2004.

“Mr Maharey has also failed to own up to the deception over how this government arrives at the NAW in the first place. The formulae was changed in 1998 and it disadvantaged married superannuitants by $21 a week then and is now costing them nearly $30.

“Only one party will actually get superannuation right at the next election, New Zealand First, and no amount of deception from this government will hide this fact,” said Mr Peters.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>


Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>


More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>


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>>


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>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news