Parliament

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

 

Over 65s to double by 2040 – changes needed

David PARKER

Spokesperson for Finance                        

14 August 2013                                                              MEDIA STATEMENT

Over 65s to double by 2040 – changes needed

The number of Kiwis aged over 65 will double by 2040 to 1.2 million, showing Labour is right to steadily raise the retirement age to 67 to make super affordable, says Labour’s Finance spokesperson David Parker.

“The cost of super will be more than putting our children through the entire education system from early childhood to university, in just two years. New Zealanders agree it is simply wrong to spend more on superannuation than educating our children.

“John Key doesn’t understand that. He doesn’t realise that New Zealanders want the Government to start planning now so that we can save super and be fair to everyone.

“Since 2008 super costs have ballooned from $7.3 billion to $10.2 billion. With our retired population set to double in two and a half decades, we need to get a plan in place now so that super can be protected for all Kiwis.

“Labour’s plan is to start steadily raising the retirement age to 67 from 2020. That’s a fair and reasonable way to ensure we can pay for our retirement and means that no one currently older than 58 will have to work beyond 65. We will also have an exception for those in labour-intensive jobs that can’t work after 65.

“Labour understands the importance of superannuation to people. That’s why we are committed to keeping it in a way that is fair across generations. If we don’t steadily raise the age Treasury says we will have to lift GST to 17 per cent.

“Polls show that New Zealanders support our policy. No one wants to work for two more years but Kiwis are willing to make the hard decision needed to save super.

“John Key has painted himself into a corner and doesn’t realise that Kiwis are willing to make the big decisions. That shows he is out of touch with Kiwis’ views,” says David Parker.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Politics Of Why We’re Not Getting An Inquiry Into The White Island Disaster

The Ardern government has made an art form out of reviews and inquiries- when to hold them, when to fold them, and when to shelve the findings, virtually untouched. Among other things, the WorkSafe criminal proceedings into the Whakaari /White Island disaster look like the outcome of a conscious political strategy. The government is choosing this route instead holding a proper inquiry, because it can conveniently narrow the focus only to (a) the events prior to the eruption and (b) solely to possible violations of our labour laws... More>>

 

UN SDG: A Greener, Cleaner, Brighter Future

'The world has a high fever and is burning up. Climate disruption is daily news – from devastating wildfires to record floods. The damage to people and the environment is immense and growing.' - UN Secretary-General António Guterres ... More>>

ALSO:

Carbon Neutral Policy: Gov Declares Climate Emergency

The Government has launched a major new initiative to combat climate change that will require the public sector to achieve carbon neutrality by 2025. More>>

ALSO:

Pill Testing: Govt Moves On Drug Checking To Keep Young New Zealanders Safer This Summer

The Government will pass time limited legislation to give legal certainty to drug checking services, so they can carry out their work to keep New Zealanders safer this summer at festivals without fear of prosecution, Health Minister Andrew Little ... More>>

ALSO:

Tax: Government Fulfils Election Undertaking On New Top Tax Rate

The Government will today keep its election promise to put in place a new top tax rate of 39 per cent on income earned over $180,000. More>>

ALSO:

Media: Stuff Holds Itself Accountable For Wrongs To Māori

Stuff has today published the results of an investigation into itself, and issued a public apology, for the way the media organisation has portrayed Māori, the indigenous people of Aotearoa New Zealand, from its first editions to now. Tā Mātou Pono | More>>

ALSO:

Economy: Crown Accounts Reflect Govt’s Careful Economic Management

The better-than-expected Crown accounts released today show the Government’s careful management of the COVID-19 health crisis was the right approach to support the economy. As expected, the Crown accounts for the year to June 2020 show the operating balance ... More>>

ALSO:


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels