INDEPENDENT NEWS

National Super Tour Takes To The Road

Published: Tue 7 Aug 2001 12:29 AM
National is taking to the road this week to explain why it doesn't support the Government's superannuation fund.
A four-person taskforce - Finance spokesman Bill English, frontbenchers Dr Lockwood Smith and Tony Ryall, and Senior Citizens spokeswoman Dr Lynda Scott - will travel the country in coming weeks to discuss National's position on the issue dubbed the 'cornerstone' of next year's election battle.
"This debate is bigger than just superannuation. It's about the sort of New Zealand we want to live in and how we can lift the standard of living of all New Zealanders," Bill English said.
"National will use the Super Tour to discuss options for its policy on savings. We are interested in people's views on savings incentives and individual accounts.
"National supports Part 1 of the New Zealand Superannuation Bill which guarantees the future level of pension entitlement. It doesn't support the second part which sucks billions of dollars from the Government's purse for a huge superannuation savings account.
"The Finance Minister's plans to commit on average $2 billion a year for the next 25 years to fund the scheme will cause too much pain now, for too little gain in the future.
"Savings matter, but not at any cost. We are already seeing the pressure the Superfund is placing on key areas like health and education spending and the Government will have increasing difficulty trying to meet the required contributions.
National's Super Tour begins in Coromandel on Thursday and will travel the country over the next eight weeks.
Ends

Next in New Zealand politics

Proposed Hate Speech Laws A Step Too Far
By: New Zealand National Party
Government To Phase Out Live Exports By Sea
By: New Zealand Government
New Zealand’s New Housing Policy Is Really Just A New Tax Package — And It’s A Shambles
By: The Conversation
ACC’s Policy Of Not Covering Birth Injuries Is One More Sign The System Is Overdue For Reform
By: The Conversation
Police Accept Findings Of IPCA Report Into Photographs Taken At Checkpoint
By: New Zealand Police
Drug-testing Law To Be Made Permanent
By: New Zealand Government
Minister Must Tell Us If He's Parked Hate Speech Laws, Or Not
By: ACT New Zealand
Emotive Live Export Ban A Kick In The Guts
By: ACT New Zealand
World Leading Live Export Ban Means Thousands Of Animals Will No Longer Suffer Overseas
By: SAFE NZ
Feds: Live Export Ban 'surprising'
By: Federated Farmers
Photographs Taken At Police Checkpoint Unlawful
By: Independent Police Conduct Authority
View as: DESKTOP | MOBILE © Scoop Media