Pensions under attack – Superfund not the answer

International Socialists

english smiling All smiles from Bill English as he announces plans to rob workers of their pensions.

Under Bill English the National Party has made one major policy change so far as it heads into the general election on 23 September. This is to adopt Labour’s old policy of ratcheting up the age of retirement.

Bill English is proposing that from 2037 to 2040 the retirement age will be incrementally increased to 67. This means that anyone born after 1973 will have to wait two more years until they qualify for the state pension.

Furthermore, National’s new policy is to double the residency requirement to 20 years. This change is another blatant attempt by National to compete in the race to the bottom in the anti-immigrant bidding war. Winston Peters immediately responded by announcing that New Zealand First’s policy is that immigrants would have to live here for 25 years to qualify…

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