INDEPENDENT NEWS

Take Politics Out Of Superannuation

Published: Thu 27 Jan 2000 06:51 PM
Hon Simon Upton Opposition Superannuation Spokesperson
Thursday 27 January 2000
Take politics out of superannuation
New Zealanders want the politics taken out of superannuation, Opposition superannuation spokesperson Simon Upton said today.
"For those elderly who have no other income, this news will be welcome.
"But there has long been a question mark about the sustainability of superannuation and this makes the question mark even bigger.
"The share of national income consumed by superannuation will double over the next few decades and the Government has given no indication about how they would guarantee the long-run sustainability of superannuation.
"Instead of windfalls today and disappointments tomorrow, it would be far preferable to allow the superannuation taskforce to complete its work and establish a sustainable future that all parties can agree on.
"Today's adjustments have been done at a time when the economy is steaming ahead and the outlook is very positive," Mr Upton said.
"The Government is in the very fortunate position of having inherited a strong economy."
ENDS

Next in New Zealand politics

Kaikōura $10.88 million boost in tourism & business
By: New Zealand Government
Plans to protect the future of whitebaiting announced
By: New Zealand Government
New resource for schools on climate change
By: New Zealand Government
Regulations pave way for quality medicinal cannabis
By: New Zealand Government
New Year Honours: Sporting greats among knights and dames
By: RNZ
Gordon Campbell on a White Island inquiry
By: Gordon Campbell
$10.98 million of PGF funding announced
By: Kaikoura District Council
Proposed whitebait rules are pitiful, won’t save native fish
By: Forest And Bird
Whitebait rules needed to save fish from extinction
By: Forest And Bird
Fisheries management helps prevent overfishing - Reaction
By: Science Media Centre
Whitebaiters set to lose thousands on stands
By: New Zealand National Party
Government attempting to ban whitebaiting
By: New Zealand National Party
2019 NZ's fourth warmest year on record - Expert Reaction
By: Science Media Centre
Simplistic climate change lessons counterproductive
By: Federated Farmers
Climate change curriculum
By: Taxpayers' Union
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media