Parliament

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

 

Alliance launch Super Policy

The Alliance will seek to restore the Superannuation Accord and increase the value of NZ Superannuation.

Alliance leader Jim Anderton went to the Prime Minister's electorate of Ashburton to announce the policy today because National betrayed the Superannuation Accord and then cut superannuitants incomes.

Now Jim Anderton predicts that if a National-Act government is re-elected it will cut Super again and try to reduce it to a means-tested benefit.

The Alliance will restore the base-rate of New Zealand Super to float between 65% and 72.5% of average weekly ordinary time after-tax earnings - the level provided for in the Superannuation Accord before the Shipley government cut the floor to 60% from 1 April this year.

Increasing the income of every superannuitant by $20 a week as the Alliance suggests will move the base rate of superannuation to around 68% of average weekly ordinary time earnings. That is still less than the level it was at when the Accord was signed by the Alliance, Labour and National in 1993.Jim Anderton says the last thing superannuation needs is revolutionary change.'It needs certainly and stability. The Accord provided for certainly because it built an all-party consensus around the fundamentals. The Alliance will seek to restore the Accord and improve the way it works.

'A Superannuation Commission will be established to oversee the system, and Superannuation will be made a permanent appropriation in the government's budget, meaning it would have the same status as the public debt instead of having to be passed in the budget year.



'None of the devices being offered such as a Superannuation Fund or compulsory savings scheme will provide any more certainty than the Accord, because Governments are always able to change the law. In addition, schemes funded entirely out of personal income tax instead of the full range of government revenue are much less fair and much more vulnerable.'

National and its potential coalition partners, NZ First and Act, all oppose NZ Super. They will turn it into a means-tested welfare benefit. They cut it last year and they could cut it again next year,' said Jim Anderton.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

National Terrorism Threat Level Moves To Medium
Medium is defined as a terrorist attack is assessed as feasible and could well occur. The new level remains higher than it was before the 15 March terrorist attack when the threat level was low. More>>

SCOOP COVERAGE: CHRISTCHURCH MOSQUES TERROR ATTACK


Environment Aotearoa 2019: Report Warns Environment In Serious Trouble

The report is jointly produced by the Ministry for the Environment and Statistics New Zealand, and is a follow on from the last report in 2015.

The report says the way New Zealanders live and make a living is having a serious impact on the environment, and the benefits New Zealanders get from being in nature, though not measured or quantified, could be lost. More>>

 

Gordon Campbell: On Scrapping The Capital Gains Tax

As PM Jacinda Arden said yesterday, there was no point in Labour bringing a proposal into the House that it didn’t have the votes to get passed. Looking back, maybe she always felt this outcome to be inevitable... More>>

ALSO:

City Rail Link: Billion Dollar Cost Rise (And Preferred Bidder)

The revised cost envelope for completing the entire Auckland City Rail Link project now totals $4.419 billion. The revised cost has yet to be endorsed by the project’s sponsors (the Crown and Auckland Council). More>>

ALSO:

Meth Scare: Debt Write-Off For HNZ Meth Testing Evictions

People living in Housing New Zealand (HNZ) properties who were wrongly evicted because of flawed methamphetamine contamination policies will have their related debts with the Ministry of Social Development (MSD) written off. More>>

ALSO:

RNZ Report: Fears Grow For NZ Nurse Kidnapped In Syria

A New Zealand nurse working for the Red Cross was captured by Islamic State (IS) in Syria more than five years ago, and there are now public pleas for any information that could help bring her home. More>>

ALSO:

Streets Blocked In London: Climate 'Extinction Rebellion' Reaches Aotearoa

Across the world, thousands of people are taking part in a rebellion to avert climate, ecological and human catastrophe. This begins in Aotearoa New Zealand today. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels