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

 

PARLIAMENT TODAY:

Mt Eden Prison: Serco Inquiry Extended

A two month delay to the Government investigation into prison fight clubs shows the extent of problems within the Serco circus, says Labour’s Corrections spokesperson Kelvin Davis. More>>

ALSO:

Health And Safety: Late Addition Of National Security Provisions A Concern

The New Zealand Law Society has expressed its significant concerns at the last-minute addition to the Health and Safety Reform Bill of provisions for a closed material procedure for court proceedings where national security is involved. More>>

ALSO:

Rugby And Beer: World Cup Alcohol Bill Passes

ACT MP David Seymour’s Sale and Supply of Alcohol (Extended licensing hours during Rugby World Cup) Bill completed its third reading by 99 to 21... More>>

ALSO:

Gordon Campbell: On The Flag Campaign

So far, the public has treated the government’s flag campaign with something between disinterest and disdain. Most New Zealanders have instinctively seen through the marketing hype involved. More>>

Change For 2017: Local Govt To Decide On Easter Sunday Trading

The Government is to enable local communities, through councils, to decide whether retailers can open on Easter Sunday, Workplace Relations and Safety Minister Michael Woodhouse announced. More>>

ALSO:

(And Targets Worse Than Australia's): Foresters Abandoning Emissions Trading Scheme

The Government’s gutting of the Emissions Trading Scheme has caused foresters to leave and emissions to rise, says Labour’s Climate Change spokesperson Megan Woods. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news