New Zealand First is reaffirming its "unequivocal" position for the age of entitlement for Government Superannuation to remain at 65.
In a statement released from New Zealand First’s annual convention in Palmerston North, Rt Hon Winston Peters says that the campaign in the media about the future affordability of Superannuation is alarmist.
“The lobby group for the financial services and funds industry are behind the campaign of vested interest to promote private superannuation schemes rather than public provision of pensions and to lift the age of entitlement.
“It is simply the privatisation of superannuation.”
Peters says the Government’s plan is to put some big business interests ahead of the interests of ordinary New Zealanders.
“We support New Zealand Superannuation because it is a simple, practical and affordable well into the future.
“The best way to meet future pension liabilities is to get growth back into our economy.
“What we should really be debating as a matter of urgency is how to dramatically improve our economic performance – so everyone gets a fair go.”
Source: New Zealand First.