Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Superannuation and Kiwisaver measures must be applauded

Superannuation and Kiwisaver measures must be applauded

27 October 2011

The New Zealand Manufacturers and Exporters Association (NZMEA) is applauding Labour’s proposed measures to increase saving and raise the age of entitlement for national superannuation. Compulsory savings will help to lift the savings rate and offer a source of much needed New Zealand based investment. The decision to raise the entitlement age for national superannuation addresses the potential fiscal crisis presented by an ageing population.

NZMEA Chief Executive John Walley says, “There has been a lot of talk about incentivising savings and investment, and fiscal prudence over the last electoral cycle, it is good to see these issues finally get some serious attention.”

“As we have seen in Australia compulsory savings will increase savings levels and increase local investment. On shore investment will reduce foreign borrowing which will help take some pressure off the exchange rate.”

“Lifting the entitlement age is also a welcome initiative although a faster rise could have been introduced. An entitlement age that is a percentage of average life expectancy seems to be a logical way to take some of the political steam out of this issue. As life expectancy grows the entitlement age should move with it. The demographers show us the fiscal time bomb is out there, the sooner action is taken, the smoother the introduction.”

“Labour must be applauded for grasping the nettle on these two issues.”


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Bernie Sanders’ Presidential Bid

Bernie Sanders’ campaign for the Democratic nomination is taking on an air of inevitability, and that likelihood has been met with elation by some people, and feelings of dread in others. Is the Vermont senator the party’s best hope of motivating and leading an inspirational movement to defeat Donald Trump in November, or would he be the easiest opponent of them all for Trump to stigmatise, isolate and defeat? Is Bernie Sanders a once-in-a-lifetime opportunity to transform America, or a once- in-a -generation calamity who is likely to entrench in power the worst President in American history? No pressure, people. More>>

First Published on Werewolf here


NZ Government: 18,400 Children Lifted Out Of Poverty

Prime Minister Jacinda Ardern has welcomed new reporting showing the Coalition Government is on track to meet its child poverty targets, with 18,400 children lifted out of poverty as a result of the Families Package... More>>


Gordon Campbell: On Our Unreal Optimism About The Economic Impact Of Coronavirus

At this week’s Chinese New Year celebrations, PM Jacinda Ardern was resolutely upbeat that business with China would soon bounce back to normal – better than ever, even - once the coronavirus epidemic has been brought under control. To Ardern, ... More>>


Vaping: Government To Regulate Products

No sales to under-18-year-olds No advertising and sponsorship of vaping products and e-cigarettes No vaping or smokeless tobacco in smokefree areas Regulates vaping product safety comprehensively, - including devices, flavours and ingredients Ensure ... More>>


Gordon Campbell: On The Political Donations Scandals
Even paranoids have real enemies. While there has been something delusionary about the way New Zealand First has been living in denial about its donations scandal, one can sympathise with its indignation about Paula Bennett and Simon Bridges being among its chief accusers. More>>


UN Expert: NZ Housing Crisis Requires Bold Human Rights Response

This is a press statement from UN Special Rapporteur on the right to housing at the end of her 10-day visit to New Zealand. The Government of New Zealand has recognized that the country is facing a housing crisis, said Leilani Farha, UN Special Rapporteur ... More>>






InfoPages News Channels