Labour will keep Super as it is - will National?
David Cunliffe | Tuesday, July 21, 2009 - 16:16
Labour is committed to keeping both the current age of eligibility and entitlement level for New Zealand Superannuation, Opposition Finance spokesperson David Cunliffe said today.
“Labour is committed to retaining the age of eligibility at 65 and entitlement at 66% of the average wage,” David Cunliffe said.
“Labour’s policy remains that it is committed to reinstating payments into the Fund to ensure the security of pensions for New Zealanders for the future.
“We argued strongly following the Budget the deferrals were a big mistake that would leave Superannuitants much worse off in the future.
“National’s decision to halt payments is already been shown as being short sighted following the $1.2 billion dollar higher than forecast gain by the Super Fund in April and May.
“National can not be trusted on Superannuation. They have never been committed to universal superannuation, as their track record over decades has clearly shows,” David Cunliffe said.