Scoop has an Ethical Paywall
Raising retirement age won’t work
7 December 2010 -- News Release
Raising retirement age won’t work
Retirement Commissioner Diana Crossan’s proposal today to raise the retirement age in New Zealand from 65 to 67 is unfair and won’t work, says the Engineering, Printing and Manufacturing Union (EPMU).
“In a low wage economy such as New Zealand shifting more of the burden of superannuation funding onto working people doesn’t make sense,” says EPMU national secretary Andrew Little.
“New Zealand suffers from low wages and has a low level of saving.”
“The current superannuation system reflects a balanced approach to ensuring New Zealanders dignity in their retirement.”
The EPMU is New Zealand’s largest private-sector union, representing around 45,000 working New Zealanders across eleven industry sectors.
ENDS
Tatai Aho Rau Core Education: Cyber Skills Programme For Tamariki Recognised At Māori Language Awards
Waitaha Kapa Haka: Waitaha-South Island Kapa Haka Celebrates 60th Anniversary
Braden Currie: Sets Sights On The Ironman North American Championships In Texas
Whanganui Regional Museum: Historic Wedding Dress Unveiled, A Piece Of Marton’s Heritage
Donovan Ryan: Local Runner Takes Out Frontrunner Christchurch Marathon
University of Auckland: Tributes Flow For Much Loved Pacific Leader Melegalenu’u Ah Sam