National not going far enough on Kiwisaver: Dunne

Kiwisaver should be made compulsory but we cannot afford to wait until 2015 or when we get back into surplus to do it, said UnitedFuture leader Peter Dunne.

"I am encouraged that National are willing to address this critical issue, but I believe we need to be much bolder," said Mr Dunne.

"UnitedFuture's policy would make KiwiSaver compulsory while allowing New Zealanders to take superannuation at reduced rates down to 60 or increasingly enhanced rates if they hold off until between 66 and 70."

"Kiwis would then be able to manage their retirement more effectively and with greater flexibility."

"We all know that the long term sustainability of retirement savings in this country is most effectively addressed by having compulsory KiwiSaver. UnitedFuture's superannuation scheme goes hand-in-hand with that, while providing people greater choice over when they begin their retirement," said Mr Dunne.

"The sustainability arguments around superannuation and whether it should be 65 or 67 become redundant," he said.

"People can work out what works best for them based on their lifestyle and financial commitments," Mr Dunne said.

"Compulsory Kiwisaver coupled with our flexible superannuation will provide Kiwis with a working, sustainable and secure retirement future without the fear that it will be pulled out from underneath them," said Mr Dunne.

ENDS

Authorised by Hon Peter Dunne MP, leader UnitedFuture NZ, Parliament Buildings, Wellington

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