4 March, 2004
Brash bribe kills super security
The Green Party is calling on National leader Don Brash to tell the truth about the impact of his proposed tax cuts on
every New Zealander under the age of 50.
"First, Dr Brash raised the spectre of people having to work longer before they're eligible for superannuation," Green
Co-leader Rod Donald said today. "Then he claimed he would change nothing if he became prime minister.
"He needs to tell the truth. His promise to cut taxes for companies and high earners will make lifting the age of
entitlement for superannuation inevitable.
"The fact is that every New Zealander under the age of 50 would have to pay the price for his attempt to bribe the
corporate sector into backing National at the next election.
"Dr Brash claims he's calling for honesty in the way in which political parties deal with the superannuation issue. In
that case, I challenge him to renounce his party's commitment to Part 1 of the New Zealand Superannuation Act.
"National has signed up, under Schedule 4 of the Act, to the guarantee that 'Every person is entitled to receive New
Zealand superannuation who attains the age of 65 years.'
"New Zealanders under the age of 50 need to know now whether they will have a secure retirement income when they reach
65 if National ever becomes the government.
"Unlike National, the Green Party believes that current superannuation entitlements are sustainable. Along with National
and Labour, we have committed to Part 1 of the Superannuation Act but we disagree with the government that the Cullen
super fund is the best way to give kiwis the certainty and security they deserve in their retirement.
"Instead of National's tax-cuts-for-the-wealthy or Labour's sharemarket gamble, the Greens want government surpluses to
be invested in making our economy sustainable and ensuring that our young people are well-educated, healthy and
productive citizens."
Details of the Green alternative to the Cullen super fund can be found at:
http://greens.co.nz/searchdocs/speech5408.html