Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

United Future Welcomes Cullen Superannuation Move


Media statement

For immediate release

United Future welcomes Cullen superannuation move

Tuesday, 19 November 2002

United Future leader, Peter Dunne, and the party's finance spokesman, Gordon Copeland, have welcomed the invitation from Finance Minister, Dr Michael Cullen, for all political parties to sign up to the Government's superannuation scheme.

"We think it is essential that all parties agree to the scheme so that New Zealanders will at last gain a degree of certainty over their financial security in their retirement," the two men said.

Dr Cullen has invited all parties in Parliament to sign up to Parts 1 and 2 of the New Zealand Superannuation Act. Part 1 establishes that superannuation payments begin at age 65 at a rate of 65% of the average annual ordinary-time wage, while Part 2 sets up the so-called Cullen Fund which is to be invested so as to provide an income to fund part of New Zealand's future superannuation obligations.

Mr Dunne said "I believe it is crucial that we have a multi-party accord on superannuation to avoid the situation where a change of Government would see further upheaval in the country's superannuation policies. That's why I called for this accord in my speech to last weekend's United Future annual conference."

Mr Copeland said he had written to Dr Cullen earlier this month, suggesting the parties be asked to sign up and "I'm delighted the Minister has agreed to my request.

"After the election, I examined all parties' superannuation policies and some were not as clear as they might have been. I believe this process will enable all New Zealanders to be absolutely clear about where Parliament stands on this very important issue," he said.

United Future has indicated it will support both Parts 1 & 2 of the Act.

Ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Erebus Memorial In Parnell

Social media can be a wonderful tool for bringing people together in a common cause. It can also be a seedbed and spreader of mis-information on a community-wide scale. To which category do the protests against the siting of an Erebus memorial (to the 257 New Zealanders who died in that tragedy) in a secluded corner of a Parnell park happen to belong? IMO, it is clearly the latter, and the reasons for thinking so are explained below... More>>

 

National: Proposed Hate Speech Laws A Step Too Far

Reports of the Government’s proposed new hate speech laws go a step too far and risk sacrificing the freedoms New Zealanders enjoy, National’s Justice spokesperson Simon Bridges says. “The reforms are supposedly including protections to every ... More>>

ALSO:

Agriculture: Government To Phase Out Live Exports By Sea

The Government has announced that the export of livestock by sea will cease following a transition period of up to two years, said Agriculture Minister Damien O’Connor. “At the heart of our decision is upholding New Zealand’s reputation for high ... More>>

ALSO:

Norman Gemmell: New Zealand’s New Housing Policy Is Really Just A New Tax Package — And It’s A Shambles

Norman Gemmell , Te Herenga Waka — Victoria University of Wellington Economists like to talk about “optimal policy instruments” — essentially, policies that achieve their objectives more effectively or efficiently than the alternatives, and ... More>>

Claire Breen: ACC’s Policy Of Not Covering Birth Injuries Is One More Sign The System Is Overdue For Reform

Claire Breen , University of Waikato Recent media coverage of women not being able to get treatment for birth injuries highlights yet another example of gender bias in healthcare in New Zealand. More>>

Police: Police Accept Findings Of IPCA Report Into Photographs Taken At Checkpoint

Police accept the findings of a report by the Independent Police Conduct Authority (IPCA) relating to photographs taken at a checkpoint in Northland. On November 16, 2019, Police set up a checkpoint down the road from a fight night event in Ruakaka ... More>>

ALSO:

Health: Drug-Testing Law To Be Made Permanent

Interim legislation that is already proving to keep people safer from drugs will be made permanent, Health Minister Andrew Little says. More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels