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

 


Grey Power Demands Parties Front On Superannuation


Grey Power Demands Parties Front On Superannuation

Grey Power believes now is the time for all political parties to front the electorate with their New Zealand Superannuation Policies.

Grey Power warns, that Security Certainty and Sustainability in provision of New Zealand Superannuation can only be obtained if all Political Parties release their 2005 Policy on New Zealand Superannuation now, rather than at the most politically expedient moment.

Unless an all-party agreement is reached on the provision of New Zealand Superannuation the demands of political pragmatism and advantage, ensure the Superannuation Football will be kept on the touchline of political advantage and ideology.

Dr Brash’s announcement that the National Party now supports the “Cullen Fund” is most welcome.

Grey Power New Zealand is relieved that The National Party has taken such a giant step forward to help ensure Security Certainty and Sustainability in the provision of New Zealand Superannuation.” This for both current and Future Generations” of the retired.

The Utility of the Cullen fund is that it evens out the cost of providing New Zealand Superannuation when “ The Baby Boomers” come into retirement.

Current and future retirees can take heart from Dr Brash’s Announcement, but it should be noted that a conflict exists over The National party policy of financially supporting the “Cullen Fund while at the same time advocating large tax cuts.

Dr Brash’s response to the question of his party’s ability to fund both the Cullen Fund and Tax Cuts was, in part, that “By mid-century, ours will be a much wealthier society. We should comfortably be able to manage the rising cost of superannuation and health services – rising incomes solve many apparently insoluble problems.”

Grey Power believes that raising incomes today would also help those on Basic New Zealand Superannuation by lifting the current level of payment to a rate which offsets the continual rises in the cost of energy, rates, and indirect taxes.

Grey Power supports another rise in the level of the minimum wage to help this along.

It was pleasing to note that Dr Brash speaking on the National Program this morning said words to the effect that an advantage of the Cullen fund was that it was out of reach of political interference.

Grey Power also understood him to say there was a case for investing more of the fund in New Zealand, relative to the size of New Zealand’s economy.

Grey Power at its AGM passed a resolution to the effect that more of the “Cullen Fund should be invested in New Zealand.

Grey Power is urging all Political Parties, to put their Superannuation Policy on the table now. This will enable both young and old to indeed have confidence that there will be Security, Certainty, and Sustainability in the provision of New Zealand Superannuation for current and future generations.


© 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