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

 

Gordon Campbell: On The Ombudsman’s Verdict On Paula Rebstock And Ian Rennie

Unfortunately, the brave and damning report by Ombudsman Ron Paterson on the “flawed” and “unfair” inquiry conducted by Dame Paula Rebstock into events at MFAT pulls back the veil on a far wider issue. More>>

ALSO:

Charities' Report: Stressed Families - Overstretched Services

“Like so many of the whānau and families they serve social service organisations are under huge financial stress. The support demanded from desperate people in communities is far outreaching the resources available.” More>>

ALSO:

Detention: Wellingtonians Protest Treatment Of Refugees

Peace Action Wellington (PAW) and around 50 Wellingtonians blockaded the Australian High Commission, creating a symbolic detention centre to protest the Australian Government's policy of mandatory offshore detention for refugees and asylum seekers. More>>

ALSO:

Diver's Alarums: Breach Means Training Provider Must Repay $1.47 Million

The New Zealand School of Outdoor Studies is to repay $1.47 million (GST-exclusive) to the Tertiary Education Commission (TEC) following an investigation which showed that some student enrolments between 2009 -2014 could not be validated and that courses were under-delivered against their agreement with the TEC. More>>

ALSO:

Education: Government Plans Suggest Bulk Funding Return

Plans by the Government to return to bulk funding are likely to see increased class sizes and schools most in need missing out on much-needed resources, Labour’s Acting Education spokesperson Grant Robertson says. More>>

ALSO:

Interim Report: Auckland Looks Long Term To Pay-Per-Km Road Pricing

Aucklanders can expect to be paying variable rates per kilometre to travel on the city's most congested roads under an emerging transport strategy being formulated by the government and the Auckland Council. More>>

ALSO:

Despite Promises: Government Extends Iraq Deployment

Cabinet has agreed to extend New Zealand’s contribution to the joint New Zealand-Australia mission to train Iraqi Security Forces until November 2018. More>>

ALSO:

On The 'Terrorism' Card:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news