What options do governments have to deal with fiscal pressures in the next 40 years? bit.ly/ltfs-s6 https://t.co/MslvxJHM7X—
New Zealand Treasury (@nztreasury) December 20, 2016
Sometimes I wonder where Andrew Little gets his advice/ideas.
Yesterday, the Dominion-Post ran an article by Vernon Small reporting an interview with the Labour leader and his finance spokesperson Grant Robertson. In it
Little reaffirmed his opposition to raising the retirement age – a policy he scrapped as leader – but he wants to resume payments to the “Cullen” fund that pre-funds some of the cost of the universal pension.
“Do we need to resume contributions to the Cullen Fund? Too darn right we do, (because) $14.5 billion of contributions not made in the last eight years would have been worth $20b to the fund.”
Other changes to superannuation were not being contemplated, although Little did not rule out other options such as changes to the current indexing, which is linked wage rates.
“Those are things you can have a look at. They are not big money-savers necessarily – over time they might be – but…
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Utopia, you are standing in it! 
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