Labour’s detailed policy is not online, but according to this Herald report, this may all be a smokes and mirrors policy. Why do I say that? Well the Herald reports:
Mr Goff said Labour recognised for some New Zealanders, to continue working beyond 65 such as those doing physically demanding work and would introduce a “Transition” payment at the same level as NZ Super which could be accessed between the age of 65 and 67.
Now my reading of this is that people aged 65 and 66 will be able to access the payment, which is at the same level as NZ Super. Sothat means they will be getting Superannuation from age 65, just under a different name.
There is a current benefit for those close to retirement, but it is far below the level of superannuation. A transition payment at the same level as NZ Super, is well NZ Super.
Maybe Labour is proposing that superannuation for 65 and 66 year olds be means tested – you only get it, if you are not working or earning below a certain level. If this is the case, then Don Brash will be endorsing their policy even further – means testing and a higher age. For if you are going to means test 65 and 66 year olds, why not 67 and 68 year olds also?
I also look forward to the reaction from Andrew Little to this policy. Here is what Andrew said in 2010 about raising the age:
Retirement Commissioner Diana Crossan’s proposal today to raise the retirement age from 65 to 67 is unfair and won’t work, says New Zealand’s largest private sector union, the EPMU.
“In a low wage economy sch as New Zealand shifting more of the burden of superannuation funding onto working people doesn’t make sense,” says EPMU national secretary Andrew Little.
Will the New Plymouth candidate stand by his words?
Also David Cunliffe seems unconvinced:
Labour will keep Super as it is – will National?
Labour is committed to keeping both the current age of eligibility and entitlement level for New Zealand Superannuation, Opposition Finance spokesperson David Cunliffe said today.
“Labour is committed to retaining the age of eligibility at 65 and entitlement at 66% of the average wage,” David Cunliffe said.
That was in 2009.
I’m starting to think No Right Turn is right in his analysis:
its a cynical, calculated ploy to wedge National against their own base while driving voters to Winston, who is Labour’s only hope of government. Winston, of course, will veto any increase as the price of his support, so its an empty threat, purely for show, dishonest as well as evil.
They are desperate to get Winston back in.
UPDATE: Now seen Labour policy here. It confirms they will means test superannuation for 65 and 66 year olds.Tags: Andrew Little, Labour, superannuation