Bribes from Winston

Winston has been telling porkies to Grey Power, incorrectly claiming that superannuation indexing has changed from a inflation adjustments, to a link to the net average wage.

It is in fact indexed to both the CPI and the average wage (whichever is greater). It was a blatant lie.

It dismays me also that NZ First is bribing retired people with a pledge to increase the rate of superannuation. When all the demograophic information is that even the current scheme will be highly difficult to sustain in future, it is highly irresponsible to raise expectations in the opposite direction.

The simple fact is that NZ has the most generous state superannuation in the world. No other country has superannuation which is not income or asset tested, at the level we have it.

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