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


Budget a lost opportunity - Grey Power

21 May 2015

Budget a lost opportunity - Grey Power

Grey Power Federation National President Terry King has labelled the Government’s budget as a lost opportunity.

He said there was little in the Government’s seventh budget which addressed some of the serious issues face by retired New Zealanders.

Mr King said the only positive point was the $98million for elective surgery and $320million for District Health Boards over the next three years.
“While we welcome this budget allocation, we still have a growing population of elderly people and a growing list of available remedies for the conditions suffered by them, and that needs to be taken into account as well.”

Mr King said he was deeply disappointed that superannuation had again become a political football with critical comment from the ACT party and Labour opposition.

Mr King said it was misleading to suggest national superannuation was unaffordable or that the age of entitlement should be increased beyond 65 years just because payments would exceed $1 billion in three years time. “ The New Zealand Superannuation Fund is now worth almost $30 billion and growing and that is in spite of the Government halting contributions from 2009.”

He said thousands of superannuitants on a fixed income were struggling to exist with increases in food costs, electricity, rates, household maintenance. New Zealand has had a low wage economy for almost forty years and there is growing inequality between rich and poor, and that is a key issue which this budget fails to address, he said.

Mr King said it was important to understand that national superannuation was not a benefit, but an entitlement which most recipients have paid into for 50 years of their working lives. It was theirs by right, not by privilege or charity.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Werewolf: What Does Winston Peters Want His Legacy To Be?

A lot of people in New Zealand seem to resent Winston Peters and the power that he appears to have. “Appears” being the operative word. In reality, Peters will have power only up to the point that he uses it.

By next week, he’ll have become just another junior player in an MMP governing arrangement, battling to hold onto the gains he was promised. More>>


Rising Toll: Road Safety Needs To Be A Higher Priority

Official advice released to the Green Party under the Official Information Act shows that the previous National Government dismissed an option to make road safety its most important transport priority after being told the road toll was rising. More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>


Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>


Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>


Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>


Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>




Featured InfoPages

Opening the Election