Election 2020 - Party Policies - Welfare - Superannuation
25th Jul 20, 5:56am
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Superannuation
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- Raise the retirement age. Starting in 2023 raise the age of entitlement to superannuation from 65 to 67, at a rate of two months per year, finishing in 2035.
- Read more here.
- Maintain universal New Zealand Superannuation for all New Zealanders 65 years and older, adjusted annually in accordance with movement in the Consumer Price Index.
- The rate for a couple cannot fall below 65% of the average ordinary time weekly earnings or exceed 72.5 % of the average ordinary time weekly earnings.
- The rate for a single person living alone is 65% of the rate for a couple, and the rate for a single person not living alone is 60% of that for a couple.
- Identify ways to allow flexibility in the age a person may receive New Zealand Superannuation.
- Oppose compulsory retirement savings.
- Read more here and here.
Not yet available on their website.
- Establish a Seniors Commissioner to be a champion for all seniors
- Ensure the NZ health system is responsive to the needs to seniors
- Provide couples on superannuation an extra $1,000 and singles an extra $560 from our economic stimulus package
- Ensure adequate protections exist to prevent elder abuse: incluidng physical, psychological and financial abuse
- Maintain superannuation payments at no less than 66% of the average ordinary wage for couples and the universality of the superannuation scheme
- Maintain the Wintere Energy Payment and Super Gold Card
Not yet available on their website.
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