At least one party is suggesting options on the age of eligibility for Super, not addressing at the increasing costs (another debate) but suggesting more flexibility to allow for people in different circumstances.
New Zealanders should be able to take superannuation at reduced rates down to 60 or increasingly enhanced rates if they hold off until between 66 and 70, alongside making KiwiSaver compulsory, UnitedFuture leader Peter Dunne said today.
“Kiwis would then be able to manage their retirement age and lifestyle – choices they currently do not have – and it would be cost neutral with the current scheme,” Mr Dunne said in launching the party’s superannuation policy.
This addresses one problem with the Super age, especially if it is increased – some people, especially those who have had hard physical jobs, and those who are mentally worn out, would benefit from being able to retire sooner. And some people already keep working after the current retirement age.
United Future had recently – What retirement age policy do you support?
This is covered more on interest.co.nz
United Future leader Peter Dunne is calling for KiwiSaver to be compulsory and for a revamp of how Superannuation can be paid out, unveiling a policy that would allow people to be able to claim Super from 60 years of age.
- this includes a forum which includes some good comment apart from the usual political dissing.
We should still be considering the overall costs and possibly raising the age generally but this is is a worthwhile discussion about other aspects of Super.