Parliament

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

 

Government Defying Reality on Retirement Age

Government Defying Reality on Retirement Age

ACT New Zealand Parliamentary Leader John Boscawen today condemned National’s refusal to raise the retirement age as a political gamble that would impoverish youth.

In Question Time this afternoon, I asked Finance Minister Bill English whether the decision to leave the retirement age at 65 was a political one," Mr Boscawen said.

"His answer was frivolous: 'Because it is a decision made by Parliament, it is a political decision.'

"Mr English may find the situation amusing, but the facts are serious. The life expectancy for a pensioner in New Zealand has risen by 11 years since 1950 and is projected to continue to rise. The cost of super, as a portion of GDP, is set to almost double between now and 2035. This has to be paid for somehow, and unless the Government is willing to raise the age of eligibility, future generations will be burdened with higher taxes, cuts to services, and more government debt.

"Australia, despite their vast mineral resources and despite being over 30% wealthier per capita than New Zealand, have accepted reality and committed to raising the retirement age from 65 to 67.

"The United States, the United Kingdom, Germany and others have all made similar commitments, yet New Zealand continues to defy reality.

"Raising the retirement age is inevitable; the only question is when. Either New Zealand takes the Australian approach and gives people time to plan by announcing an increase years in advance, thus making superannuation safe, secure and reliable, or we take the National approach of launching an increase on retirees at short notice.

"ACT believes the first option is the only fair option," Mr Boscawen concluded.

ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Supermarket Scam, And On Tunisia’s Scrapping Of Democracy

Are we paying too much for our groceries? Hmm. Is the Pope a Catholic? Given that the two Australian supermarket chains that dominate our grocery industry routinely rack up profits in the order of $22 billion annually, that’s a no-brainer. Yet as with New Zealand’s other socio-economic problems created by our 1980s reforms, the practical solutions seem pretty thin on the ground... More>>

 



Government: Bill Introduced To Protect Against Conversion Practices

Legislation has been introduced to Parliament to protect against practices intended to change or suppress someone’s sexual orientation, gender identity, or gender expression... More>>

ALSO:

Government: Welcomes Draft Report On The Retail Grocery Sector

The Commerce Commission’s draft report into the retail grocery sector is being welcomed by Government as a major milestone. “I asked the Commerce Commission to look at whether this sector is as competitive as it could be and today it has released its draft report for consultation,” Commerce and Consumer Affairs Minister, David Clark said... More>>

ALSO:

Child Poverty Action Group: Poverty Burden For Children Increased Due To Government Neglect - New Report

Poverty, inequity, homelessness and food insecurity are among the burdens which increased for tamariki Māori and other children in the first year of Covid-19 - partially due to Government neglect... More>>



NZUS Council: Welcomes Nomination Of Senator Tom Udall As US Ambassador To NZ

The NZUS Council welcomes the nomination of Senator Tom Udall to the role of US Ambassador to New Zealand and Samoa, NZUS Council executive director Jordan Small said... More>>

BusinessNZ: Visa Extensions Welcomed
BusinessNZ has welcomed the extension of some critical skill visa durations and changes to immigration systems to speed processing. Chief Executive Kirk Hope says move acknowledges advocacy by the hospitality sector, the BusinessNZ Network and others, and comes not a moment too soon.... More>>



Social Development: Government Initiatives Contribute To Fall In Benefit Numbers

Minister for Social Development Carmel Sepuloni has welcomed the release of the June quarter Benefit Statistics which show a continuing fall in the number of people receiving a Main Benefit... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels