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NZ First's superannuation bill already facing problems

Author
Newstalk ZB staff,
Publish Date
Tue, 28 Jul 2015, 12:51PM

NZ First's superannuation bill already facing problems

Author
Newstalk ZB staff,
Publish Date
Tue, 28 Jul 2015, 12:51PM

Winston Peters has no idea if the plan he's floated for a graduated superannuation hand-out will get popular support, but he says there's no doubt pensions are unaffordable.

The New Zealand First Bill is aimed at tailoring superannuation entitlement to time spent in New Zealand, between the ages of 20 and 65.

Winston Peters explains you would get a percentage of superannuation, depending on how long you've been in the country contributing.

"You would not get the same amount as someone who has paid taxes for 45 years in this country and who sees someone come into this country and get the same benefit."

However, it doesn't look as if the Bill will go far. It's already been found to be in breach of the Bill of Rights.

The Attorney-General's Bill of Rights assessment of the legislation has found the Bill is discriminatory and has the potential to have a chilling effect on the exercise of freedom of movement.

It says provisions that allow for a person's superannuation to be reduced if they're out of the country for more than two months a year, create a potential significant disincentive for people to exercise their freedom of movement.

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