Parliament

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

 

Flexi-Super Will Not Solve NZ Super Affordability Issues

Flexi-Super Will Not Solve NZ Super Affordability Issues

United Future’s Flexi-Super policy will do nothing to address the growing financial burden of New Zealand’s aging population, ACT Leader John Banks said today.

“New Zealanders are healthier and are living longer than ever before. This is reflected in our changing demographics,” Mr Banks said.

“Since 1980, the number of people over the age of 65 has doubled. Statistics New Zealand predicts this age group will double again by 2036. In that time the cost of NZ Super is projected to increase from 9 billion dollars a year to 20 billion dollars a year in today’s terms.

“Not only does United Future’s Flexi-Saver policy do nothing to address the looming fiscal burden - it is likely to make it worse. As more people under the age of 65 access NZ Super the overall cost will increase.

“In his latest blog, Mr Dunne claims the Flexi-Super policy lets Labour ‘off the hook’ from their promise to raise the age. This claim shows a lack of understanding about the effects of this policy. The reason Labour pledged to raise the age is to ensure the cost of New Zealand super remains affordable. Mr Dunne’s policy fails to do that.

“Rather than just debate the issue of Flexi-Super, ACT would like to see all parties engage in meaningful discussion about the long-term issue of NZ Super affordability. Raising the age of eligibility would be a good first step,” Mr Banks said.

ENDS


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The EU’s Beef With Google

There’s every indication that Google would be on a losing wicket if it chooses to fight the European Union competition watchdogs, who have just levied a $3.3 billion fine on the firm – with the prospect of worse to come if Google doesn’t quickly change the anti-competitive practices at the heart of a court battle that’s been seven years in the making.

Essentially, the case involved Google’s alleged abuse of the stranglehold it enjoys on the online advertising associated with its search activities. More>>

 
 

Legislation: Point England Housing Bill Passed

The passage of the Point England Development Enabling Bill through Parliament this evening will benefit Auckland with additional housing, help resolve Ngāti Paoa’s Treaty claim and improve the local environment and recreation facilities, Building and Construction Minister Dr Nick Smith says. More>>

ALSO:

Cyberducation: Digital Curriculum Launch And Funding Package

Consultation on new digital technologies content for the New Zealand Curriculum and Te Marautanga o Aotearoa, the Māori-medium Curriculum, was launched today by Education Minister Nikki Kaye. More>>

ALSO:

PM's Press Conference: Red Socks And Secret Tapes

Prime Minister Bill English began his post-cabinet press conference by explaining how well the National Party's annual conference went. He also mentioned today's announcement of changes to the EQC disaster insurance legislation and wished Emirates Team New Zealand well in the America's Cup. More>>

Max Rashbrooke: On How To Make Government More Open

International surveys, while often complimentary, have also pinpointed major weaknesses: political donations are badly regulated, for instance, and appointments to government boards frequently go to those with strong political connections. More>>

In Court: Hamilton Student's Lawsuit Over Climate Change Policy

A law student from Hamilton is preparing to challenge the Government in the High Court on Monday over what she says is a “failure” to properly address climate change. More>>

ALSO:

Gordon Campbell: On The Fallout From The Barclay Tape

This is hardly a case of cleaning out your desk and being turfed out onto the pavement. As others have pointed out, the disgraced Clutha-Southland MP will remain on the public payroll for three months until the election, and for three months afterwards. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election
 
 
 
  • PublicAddress
  • Pundit
  • Kiwiblog