Key won't budge on super
Tue, 12 Jun 2012 8:50a.m.
By 3 News online staff
Prime Minister John Key has not been swayed by expert advice, public opinion or opposition pressure to act on the pension age.
Mr Key told Firstline this morning that he thinks the age of eligibility for superannuation can stay at 65, “for as long as it’s affordable”.
“The modelling we’ve done and the work that we’ve looked at indicates quite clearly that certainly up to 2020 there are no really significant issues,” says Mr Key.
He argues that overall, our pension costs remain quite low relative to other countries.
“Yes, the cost goes up a bit, but partly that’s indexation,” he says.
He disputes the outcome of a TV3 Reid Research poll, released on Monday night, which asked respondents for their views on the possible raising of the pension age.
“Seventy percent of people in your 3 News poll say don’t touch it either at all or before 2020,” says Mr Key.
However the poll actually showed 63 percent of 1000 voters questioned thought the age - currently 65 - should be raised to 66 or 67 from 2020 or even earlier, while 37 percent didn't.
“New Zealand is lagging behind on this one – people need time to make the adjustments we need this announced as soon as we can,” retirement commissioner Diana Crossan said yesterday.
When asked if he is happy being at odds with the retirement commissioner’s views on the issue, Mr Key says he thinks there are more pressing issues to be addressed.
“The retirement commissioner has been saying for quite some time that she thinks we need to raise the age of the pension from 2020, very slowly over the course of the next 12 years," says Mr Key. "Today is 2012, we have a great many issues to deal with, and they’re issues in relation to the growth of the economy.
“Saying we’re raising the age of the pension from 2020 does absolutely nothing to the national accounts today or tomorrow or the next day or the next day.”
Mr Key says he is “not really” open to a referendum being held on the issue.
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12/06/2012 9:53:27 p.m.
Where is the fairness in this saga,I agree Cyril,it is your body,and if you are fit enough too carry on working after retirement date it should be up too the person.It is all very well for the politicians as after serving nine years you can go on the pension,also all the other perks that goes with it,and are they asset tested?I would guess not as they think that they are the king pins of the nation.
12/06/2012 3:43:18 p.m.
The middle class NZers who voted this national lead government to power deserves everything they are getting from this government. Other than their election bribe tax cuts, and the promise that John Key made not to make any changes to the universal superannuation, and if he did he will leave parliament, just about everything else that has been promised during the last two elections has been broken, or not delivered. Well done middle class NZ.
12/06/2012 2:58:07 p.m.
So he's telling the young they have to pay back their student loan faster, but those that were paid to study get pensions early too.
12/06/2012 12:25:56 p.m.
"Today is 2012, we have a great many issues to deal with" — such as trying to get re-elected perhaps?
12/06/2012 11:54:52 a.m.
Whats important for the Looney Nat government has absolutely nothing to do with whats important for New Zealand.
12/06/2012 11:29:14 a.m.
Just because you reach the pension age doesnt mean you have to retire, you can keep working after that if you want.
If you have had a hard working life and are worn out as a lot of manual labourers are you should be able to retire at 65 and if you have been a pen pusher all your life and all you have got in the way of wear and tear is calluses on your butt there is no reason why you cant work to well over 70 if you are up to it, it should be up to you.
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