Why is Labour putting up the retirement age up to 67, is this the way they treat the hard working people of NZ and their supporters?
Just because a group of people who have never done a hard days work in their lives tell them we can not afford it, and it must go up, Labour tells us they want to get the young people into work, well putting the retirement age up will not help that if say 2000 people retire a year , they will not all be replaced but say 1000 are every one gets a lift up the ladder and a young person gets a start in the work force, I would make it 63 , but you have to give up work to get it, you can work till you're a 100 if you want but you don't get the pension,
Do you think Phil will look at the way a person can become a MP and serve 3 terms (9 years) and gets a government pension, why is that, what is so special about them, why don't they have to work like the rest of us for 45 years?
Three young people have done what Labour told them to do when they were in power and are saving for their retirement. One has a rental, one puts monthly in to bonus bonds, the other has a super fund, why is it that if you own a house that you rent out as your retirement fund, and they all intend to get out of when they get to 60, they will all have about the same amount of money. But capital gains tax will be paid when the house is sold, the one on bonus bonds who one year got 13% interest on it winnings, pays nothing ,and the one with supper can be partly paid out in a lump sum with no tax.
E.K.Mills, Tauranga.
1 comment
why put up retirement age?
Posted on 13-11-2011 18:13 | By algail
There is one major reason we have pension problems. The early 70s labour for once did something right they introduced a compulsory pension scheme where one had to belong to ,the Govt pension scheme or a private one ,no chance of getting out of it, we all had join up and had to pay. From memory we paid 5% and the employer paid 5%. Now had this been left alone the retirement fund would have been so large it could have bought new Zealand. But NO. Muldoon came along and greed took over once again. A wonderful offer was made to the workers of NZ. Vote for me and I will give you back all your contributions and the employer's contributions too and everyone would get the pension at 80% of the average wage at 60 years of age. The employers contributions were stolen from them by this underhanded scheme and of course the greed took over and Mulddon was back in power. All we need now is a Govt with the testicular fortitude to reintroduce this plan and have all the contributions taken as deposits into a personal account that only the account holder can access at retirement age. That would mean there would be no poor pensioners and no thieving politician could get their hands on it either. But hey that's too simple for the minds of the convoluted thinking patterns of the average MP who is always looking for an angle. Alastair Bethlehem
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