The Green party think they are onto a winner…locking in never ending pay rises for MPs…except they think that sometimes pay will go down.
The Green Party is urging for a change to how MPs’ salaries are set, in a bid to curb their annual pay rises.
That would make a difference of thousands of dollars in the amount MPs received extra each year.
In a policy announced today, Green Party co-leader Russel Norman said MPs’ salaries should only rise to match the rise in median incomes in dollar terms.
MPs usually receive an annual increase that largely rises in line with pay rises in the general population – though because it is in percentage terms, not dollar terms, it can be worth significantly more.
During the global financial crisis MPs asked for a zero pay increase.
Norman said under the Green Party’s policy MPs’ salaries would rise or fall by the same dollar amount that median incomes increased or fell.
“Rather than the current annual review carried out by the Remuneration Authority that sets MPs’ salaries, the Remuneration Authority would be required to apply the annual change in median individual income supplied by Statistics New Zealand.
And here is what that Statistics New Zealand media weekly income data shows: