Isaac nails it, Bill’s superannuation plans unlikely to survive election

Isaac Davison nails it, Bill English’s superannuation plans are highly unlikely to survive the election.

Prime Minister Bill English’s proposal to lift the retirement age to 67 may not survive past the election after National’s likely coalition partners and opponents roundly rejected it.

The major policy shift by National is not scheduled to take place until 2037. It will affect every New Zealander under 45.

It is also set down to pass into law next year, meaning its progress will hinge on the general election result in September.

Labour said it would not raise the age if it came into power at the election – a position which was backed by its campaigning partner, the Greens.

New Zealand First, which could hold the balance of power after the election, is firmly against lifting the eligibility age. However, leader Winston Peters praised a separate proposal to require immigrants to live in New Zealand for twice as long – 20 years – to get access to NZ Super.

I’ve never seen a policy that Winston can’t sell a position on. But this one is his bread and butter.

What is hilarious is watching all those people who previously said Labour was brave and principled for wanting to raise the eligibility age now rail against raising the age.

National’s support partners United Future and the Maori Party are also against lifting the age to 67. The only supporters of the idea were the Act Party, but it wanted the threshold lifted immediately. English was “taking the proverbial” by leaving it to 2037, Act leader David Seymour said.

Even if National was able to form a Government after the election, English conceded he could leave the eligibility age at 65 if that was a bottom line of National’s coalition partners.

I’m not even going to cover Andrew Little’s position. Labour should rename themselves the Kama Sutra party since they have so many positions on issues.

All this talk about superannuation is so unnecessary, you have to wonder why Bill English went there. Personally I think he just screwed up, again.

 

– NZ Herald

 

 


THANK YOU for being a subscriber. Because of you Whaleoil is going from strength to strength. It is a little known fact that Whaleoil subscribers are better in bed, good looking and highly intelligent. Sometimes all at once! Please Click Here Now to subscribe to an ad-free Whaleoil.

22%