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


Alliance launch Super Policy

The Alliance will seek to restore the Superannuation Accord and increase the value of NZ Superannuation.

Alliance leader Jim Anderton went to the Prime Minister's electorate of Ashburton to announce the policy today because National betrayed the Superannuation Accord and then cut superannuitants incomes.

Now Jim Anderton predicts that if a National-Act government is re-elected it will cut Super again and try to reduce it to a means-tested benefit.

The Alliance will restore the base-rate of New Zealand Super to float between 65% and 72.5% of average weekly ordinary time after-tax earnings - the level provided for in the Superannuation Accord before the Shipley government cut the floor to 60% from 1 April this year.

Increasing the income of every superannuitant by $20 a week as the Alliance suggests will move the base rate of superannuation to around 68% of average weekly ordinary time earnings. That is still less than the level it was at when the Accord was signed by the Alliance, Labour and National in 1993.Jim Anderton says the last thing superannuation needs is revolutionary change.'It needs certainly and stability. The Accord provided for certainly because it built an all-party consensus around the fundamentals. The Alliance will seek to restore the Accord and improve the way it works.

'A Superannuation Commission will be established to oversee the system, and Superannuation will be made a permanent appropriation in the government's budget, meaning it would have the same status as the public debt instead of having to be passed in the budget year.

'None of the devices being offered such as a Superannuation Fund or compulsory savings scheme will provide any more certainty than the Accord, because Governments are always able to change the law. In addition, schemes funded entirely out of personal income tax instead of the full range of government revenue are much less fair and much more vulnerable.'

National and its potential coalition partners, NZ First and Act, all oppose NZ Super. They will turn it into a means-tested welfare benefit. They cut it last year and they could cut it again next year,' said Jim Anderton.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Why Raising Corporate Taxes Has Become A Hot New Political Cause

Surprisingly, “raising taxes” has become a very fashionable political idea in 2021. That’s right. After decades of being seen (at best) as a necessary evil, higher corporate taxes are now being treated as the Great Good Thing that will revive the US economy, re-distribute wealth productively, help to build neglected and decaying public infrastructure, fund public health, address social inequality, restore a sense of community and generally make everyone feel better about the society in which they live... More>>


Government: Delivers Next Phase Of Climate Action

The Government is delivering on a key election commitment to tackle climate change, by banning new low and medium temperature coal-fired boilers and partnering with the private sector to help it transition away from fossil fuels. This is the first ... More>>

Government: Independent Experts To Advise On Post-Vaccination Future

The Government is acting to ensure decisions on responding to the next phase of the COVID-19 pandemic are informed by the best available scientific evidence and strategic public health advice. “New Zealand has worked towards an elimination ... More>>

Travel: Trans-Tasman Bubble To Start 19 April

New Zealand’s successful management of COVID means quarantine-free travel between New Zealand and Australia will start on Monday 19 April, Prime Minister Jacinda Ardern announced today. Prime Minister Jacinda Ardern and COVID-19 Response Minister Chris ... More>>


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>>

World Travel: New Zealand Temporarily Suspending Travel From India - PM Jacinda Ardern

Travel into New Zealand from India - including for New Zealand citizens and residents - is being temporarily suspended because of high numbers of Covid-19 cases. More>>

Finance: Crown Accounts Again Better Than Forecast

Hon Grant Robertson Minister of Finance The economic recovery from COVID-19 continues to be reflected in the Government’s books, which are again better than expected. The Crown accounts for the eight months to the end of February 2021 showed both OBEGAL ... More>>




InfoPages News Channels