Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Alarm at reopening of Superannuation Debate

Grey Power National President Graham Stairmand Expresses
Alarm at the reopening of the Superannuation Debate

He is urging all political parties to return to a Non Partisan Accord on the provision of New Zealand Superannuation.

The previous Accord fell victim to the first coalition government and its essay into compulsory Superannuation.

The Accords demise was followed by a savage attack on New Zealand’s Retired population by the minority National Government.

Mr. Stairmand asks how many Politicians know what it really likes to live on basic Superannuation? 400,000 Kiwis could tell them, Very, Very Difficult!

Retrospective adjustments to the level of New Zealand Superannuation based on the Cost Price Index do little alleviate the reduction in spending power of the retired.

Continual increases in the costs of energy, Local Body Rates; variations in food prices coupled with increases in indirect taxation have had heavy negative impact on the retired.

The President went on record as saying the country would be better served if all political parties unequivocally committed themselves to the provision of Universal New Zealand Superannuation for all generations as an entitlement.

A combination of economic growth and progressive taxation would ensure this.

The ability to save could be enhanced by increasing the legal minimum wage payable to workers.

Economists of the calibre of Len Bayliss contend that New Zealand Superannuation is sustainable now and in the future.

Mr. Bayliss argues that New Zealand Superannuation is low cost universal and sustainable. He contends that with an economic growth of only 3% per annum the impact future working populations would not be excessive.

What Political party aspiring to the government benches ever indicates to the electorate that its tenure of office will produce only 3% growth?

The Cullen Fund although debatable will even out the burden of the cost of Superannuation when the baby boomers retire.

Yet again Grey Power urges all political parties to come to an Accord on the provision of New Zealand Superannuation for all generations.


Ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news