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

Veronika Meduna: The Kaikoura Rebuild

A Scoop Foundation Investigation

Friday will be a big day for people north of Kaikōura – and for hundreds of construction workers who are racing to reopen State Highway 1 in time for the holiday season.

By the afternoon, the South Island’s main transport corridor will be open to traffic again, more than a year after a magnitude 7.8 earthquake mangled bridges and tunnels, twisted rail tracks and buried sections of the road under massive landslides. More>>

 

BPS HYEFU WYSIWYG: Labour's Budget Plans, Families Package

“Today we are announcing the full details of the Government’s Families Package. This is paid for by rejecting National’s tax cuts and instead targeting spending at those who need it most. It will lift 88,000 children out of poverty by 2021." More>>

ALSO:

Gordon Campbell: On Defence Spending, Alabama, And Dolly Parton

The spending lavished on Defence projects to meet the risks that could maybe, possibly, theoretically face New Zealand in future is breath-taking, given how successive governments have been reluctant to spend even a fraction of those amounts on the nation’s actual social needs. More>>

ALSO:

Members' Bills: End Of Life Choice Bill Passes First Reading

The End of Life Choice Bill in the name of David Seymour has been sent to a select committee for consideration by 76 votes to 44. It is the third time Parliament has voted on the issue in recent decades and the first time such a Bill has made it over the first hurdle. More>>

ALSO:

State Sector: MPI Survives Defrag Of Portfolios

The Ministry for Primary Industries will not be split under the new government, but will instead serve as an overarching body for four portfolio-based entities focused on fisheries, forestry, biosecurity and food safety. More>>

ALSO:

Gordon Campbell: On Vulnerable Kids, RNZ Funding, And Poppy

The decision to remove the word ‘vulnerable’ from the Ministry for Vulnerable Children could well mark a whole shift in approach to the care of children in need... More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages