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Is Finance Minister taking the proverbial?

Is Finance Minister taking the proverbial?

“The Government has today kicked the can down the road by 20 years, saddling future generations with the brunt of the change,” says ACT Leader David Seymour.

“This change won’t affect anyone born older than 45, meaning the Prime Minister is protecting baby boomers, while pulling the rug out from under young people.

“It’s intergenerational theft – cynical political calculus in place of leadership.

“People under 45 will pay more and more tax for unsustainable baby boomer superannuation before having the same right snatched away. It would be fairer to begin the change as soon as possible but phase it in over a longer period of time, so the effect is shared between generations.

“The New Zealand Government’s policy puts us 20 years behind Australia which begins to raise the age of eligibility this year, from 65 to 70 by 2035.

“We know the irresponsible Opposition parties have lost credibility on this issue. Now the Government has too. The only way to raise the age fairly is now for a strong ACT to negotiate it after the next election.

“ACT would take the Retirement Commissioner’s advice and begin raising the age in 2020 – 17 years sooner than what’s been announced today.”

ENDS


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