Winston on Super again

June 17th, 2012 at 8:30 am by David Farrar

The HoS reports:

NZ First will never agree to an increase in the pension age or a reduction in its level of payment, leader Winston Peters says.

And it would rather be in Opposition than be part of a government whose policies it opposed.

But Peters refused to be tied down yesterday on whether the pension age or even asset sales issues would be deal-breakers in any post election coalition talks in 2014, saying NZ First still had “options”.

Ahead of NZ First’s annual conference this weekend Prime Minister John Key challenged Peters to remove any doubt that maintaining the pension age at 65 truly was a bottom line for NZ First.

“I dare him to go out there and say he will not under any condition form a government with Labour even if Labour’s policy is to raise the super age from 2020,” Key said on TV3’s The Nation yesterday.

In a preview of the speech Peters will give to the conference today, he said NZ First would “never agree to reduce the pension or lift the qualifying age from 65 to 67″.

However, Peters’ comments fell short of giving the cast-iron promise Key challenged him to make over Labour’s policy.

This is why I think the only way forward is to entrench the current scheme, and set up a Royal Commission into retirement savings to design a post 2025 scheme.

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9 Responses to “Winston on Super again”

  1. Harriet (4,972 comments) says:

    “…post 2025…” Why does this date keep coming up everywhere as something special David?

    It’s only 12 years away, do the stats say that those who are nearing retirement age in ’25 have more money and can fund their own retirement ?

    Or is immigration going to be lowered before and post ’25 so that jobs are available for those who want to work more before retirement ? Some I know of have 2 jobs – for the purpose of retiring.

    For those in the future, compulsary superannuation pay deductions is where the action really is.

    Super age for immigrants could go up immediatly, as I have found in moving to Aus that I am not allowed to increase my super committments each year beyond $25k[as that is the limit for everyone].Which means that I can’t catch up to the amount that Aussies ‘could’ have paid in to their own super since it’s inception in ’91.No one anywhere mentions this problem.

    With raising the retirement age in NZ for immigrants to 70 from now, and NZer’s from post ’25, if ever, seems reasonable.

    Like my situation in Aus – If you don’t like it don’t come.

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  2. Pete George (23,576 comments) says:

    Peters’ position is unsurprising but disappointing – as is Key’s. We can’t fob off Super until 2020 or later.

    I’ve started to create a library of Super news and opinion – and in particular I want to collate ideas on how to deal with it into the future. This should become part of the wider discussion as it gets legs. I have direct support from multiple parties for this.

    I’ll collate Super proposals from here and other blogs. You can also comment directly at Super ideas.

    And if you want your comments as a separate post there email to NZSuperDiscussion@gmail.com

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  3. James Stephenson (2,180 comments) says:

    And it would rather be in Opposition than be part of a government whose policies it opposed.

    This is the same Winston Peters who, as Foreign Minister, campaigned against the Government’s China Free Trade deal?

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  4. dog_eat_dog (781 comments) says:

    If I’m not going to get the same state support when I retire that everyone else did up until then, I don’t see why I should have to pay as much tax.

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  5. Viking2 (11,471 comments) says:

    It amuses me.
    there is the old saying that if you keep doing what you have always done you will get the same results.

    As long as Winston has been NZ First his opponents have attacked him using the same argument and tatics.
    Winston has responded in exactly the same way for all of that time.

    Again today on Q+A.
    He made it clear that their will be no negtioations until “after the people have spoken”

    So who are the dim witted stupid opponents that still haven’t learnt that lesson?
    They are out there; and here. :?

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  6. rg (214 comments) says:

    The only answer to this problem is get rid of John Key, he is holding this country back.

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  7. heathcote (104 comments) says:

    Gee, rg, that’s a very useful contribution. Well researched, great argument showing intelligence and flair. NOT.

    If that’s the best you can do, go back to your room and finish your homework instead. You’re out of your depth here.

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  8. Mark (1,488 comments) says:

    Key is in a hole on Super and just keeps digging. We all know it is unsustainable. Key is not even being populist on this just foolish. I don’t think winston is likely to be a factor after the next election unless they can find an electorate seat so WTF is Key on about.

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  9. Pete George (23,576 comments) says:

    Not only is Peters saying the age of eligibility shouldn’t go up, he’s also saying the amount of Super paid should go up.

    He could easily be isolated on this once National find a way of getting realistic on Super.

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