New Zealand Labour Party

Government must review state sector retirement investment

The State Sector Retirement Savings Scheme has no business investing in companies which manufacture cluster bombs, anti-personnel mines and nuclear weapons, Labour MP and Parliamentarians for Global Action executive member Su’a William Sio says.

“I endorse the call made by the Public Service Association to stop this investment as it runs counter to New Zealand's historic stance against all these weapons over the past three decades.

“New Zealand has had strong, nuclear-fee legislation in place for almost 30 years.

“We are also one of the six states that initiated discussions which led to the Convention on Cluster Munitions coming into existence in 2010.

“New Zealand is a staunch supporter of the Mine Ban Treaty (also known as the Ottawa Convention) which bans anti-personnel landmines outright.

“And we have been a strong supporter of the Arms Trade Treaty which we adopted in April 2013. This included assistance from the New Zealand Government to draft legislation to implement the Arms Trade Treaty across the Pacific Islands region.

“In the light of all this, I urge the Government to undertake a swift review process to ensure that the state sector scheme no longer invests in companies which manufacture any such weapons,” says Su’a William Sio.