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

 


Without long term plan increase in super age inevitable

David PARKER

Spokesperson for Finance

24 February 2014                    MEDIA STATEMENT

Without long term plan sudden increase in super age inevitable

Without a long-term plan to gradually raise the retirement age to 67 National is risking a sudden increase in the eligibility age in the future, says Labour’s Finance spokesperson David Parker.

“Australia is now openly considering raising the super age to 70, following in the footsteps of the UK. New Zealanders don’t want us to follow in those countries’ footsteps and nor does Labour.

“National’s pretence that the age for eligibility does not need to increase looks increasingly dishonest.

“Overseas announcements show how irresponsible the Government is being.

“Labour’s plan is to start gradually raising the super age to 67, by increasing the age by two months per year from 2020. That’s a fair and reasonable way to ensure we can pay for our retirement. We will also have an exception for those who can’t work past 65 in their normal job.

“The truth that National knows but won’t admit is that without a comprehensive long term plan in place there will be a fiscal blowout and a sudden rise in the age would be inevitable in the future.

“Since 2008 super costs have ballooned from $7.3 billion to $10.2 billion. This is already more than is spent on all benefits combined plus the accommodation supplement and working for families.

“The cost of super will soon be more than the Government spends putting our children through the entire education system from early childhood to university. New Zealanders agree it is simply wrong to spend more on superannuation than educating our children.

“The key to protecting universal superannuation is for National to take its head out of the sand. Sadly Bill English has already made it clear that won’t be happening,” says David Parker.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Election Day: National Win

With all votes counted National and John Key have won a third term and are close to being able to govern alone if they so choose.

Key has indicated he will still reach out to form a Government with ACT, United Future and Maori Party.

National ended the night on 48 percent, Labour 24.6 and the Greens 10. Though special votes might change the margins it is certainly a third term victory for Key defying the political gravity which usually hits parties seeking a third term. Increasing National’s party share is a remarkable political achievement...More>>

Overall Results | Live Results | Predictions |

 


Perfectly-Timed Anniversaries: Suffrage Day Is Last Chance To Enrol

“The last chance to enrol is Friday 19 September. You can’t enrol on election day.” More>>

ALSO:

Gordon Campbell: On First Time Voting (Greens)

For the last two days, I’ve turned my column over to a couple of guest columnists who are first time voters… Today’s guest columnist is Ana Avia-O’Connor, who will be casting her first time vote on Saturday for the Greens. More>>

ALSO:

Meddling: Aussie Liberals Embroiled In Key Campaign

John Key needs to explain why Australia’s Liberal Party is interfering in New Zealand domestic politics and is encouraging Kiwi voters across the ditch to vote for National just days out from the election, Labour’s campaign spokesperson Annette King says. More>>

ALSO:

SURVEILLANCE:

Election Ad Soundtrack: Rapper Eminem Sues National Party Over Copyright Breach

US rapper Eminem is suing the New Zealand National Party for alleged copyright infringement over unauthorised use of the rapper’s ‘Lose Yourself’ song in an election campaign advertisement. More>>

ALSO:

Big March: Call For An End To Domestic Violence

Hundreds of protesters marched down Lambton Quay to Parliament Monday calling for an end to domestic violence. Wearing white facemasks, waving banners and calling for “safety” for the women and children of New Zealand.. More>>

ALSO:

Pre-Election Chartering: Four New Partnership Schools To Open

Education Minister Hekia Parata today announced the Government has signed contracts to open four new Partnership Schools in 2015. More>>

ALSO:

Werewolf 50 Out Now - The Election Issue: Loss Leaders

Gordon Campbell: A third term requires a mature decision, with eyes wide open. It calls for a conscious vote of confidence… Without trying hard here are about 19 reasons, in no particular order, for not ticking ‘party vote’ National. More>>

ALSO:

Not-Especially New Plans: All Prisons To Become Working Prisons Under National

All public prisons in New Zealand will become full working prisons by 2017, and ex-prisoners will receive post-release drug addiction treatment if National is returned to government, says Corrections Spokesperson Anne Tolley. More>>

ALSO:

Māngere: "False Claim Of Matai Title" - Labour

National must explain why its candidate for Māngere Misa Fia Turner appears to be using a Matai title she is not entitled to, Labour’s MP for Māngere and Pacific Islands Affairs spokesperson Su’a William Sio says. A Matai title is a legally-recognised ... More>>

ALSO:

CPAG Report: No New Zealand Child Should Grow Up In Poverty

Child Poverty Action Group's flagship policy publication Our Children, Our Choice: Priorities for Policy calls for cross party political agreement to underpin an action plan to eliminate child poverty in New Zealand. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news