Bill English won’t make same superannuation promise as John Key
Changes to superannuation could be on the cards.
Talking to Three’s The Nation, Prime Minister Bill English said people need to know what’s happening before the election, hinting there could be tweaks made.
His predecessor John Key famously said he’d resign if he tightened eligibility for the benefit, which every Kiwi over the age of 65 can receive, regardless of their income or wealth.
Mr English told The Nation it was the right call to make at the time.
“People didn’t have to worry through tough times about what was going to happen.”
But with Mr Key’s departure, the fiscally conservative new Prime Minister says it’s a chance to “reset” expectations, with an aging population and more people working into their late 60s.
“I haven’t made the same undertaking as John, so we have the opportunity for a bit of a reset there.”
But whether that means a change to the age of eligibility or its annual indexing to wages, he won’t say.