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“New Zealand First is committed to universal superannuation at age 65. The net cost of superannuation in New Zealand is 3.8 percent of GDP, which is low by international standards and well below the OECD average of 7 percent.  Only one party, New Zealand First, has during its existence sought to correct attacks on NZ Super by repealing the Surtax which Labour brought in in the late 1980s, and which National increased after having promised to repeal it.  National also reduced NZ Super from 65 percent of the net average weekly wage down to 60 percent – another thing New Zealand First successfully changed to be the 66 percent it is today.  New Zealand First also introduced the SuperGold Card to make that 66 percent go further in thousands of business discount outlets, as well as the travel concession for retirees.”

— Rt Hon Winston Peters

SUSTAINABLE SUPERANNUATION

  • Maintain New Zealand Superannuation entitlement at 65 years, as a universal, non-contributory, publicly funded pension scheme with no means-testing.
  • Raise the minimum residency requirement for full New Zealand Superannuation from 10 to 25 years after age 20.
  • Abolish Section 70 of the Social Security Act 1964 ensuring all New Zealand.
  • Superannuation applicants retain their overseas pensions without any deduction from their New Zealand Superannuation, or from their spouse’s, New Zealand Superannuation.
  • End the labyrinth of bureaucratic complexities and unfairness caused by existing reciprocal pension agreements with other countries; overseas pensions are no business of the New Zealand Government.
  • Restart taxpayer contributions to the NZ Superannuation Fund and end its taxation.

BOOSTING SUPERGOLD BENEFIT

  • Ensure that SuperGold Card holders receive three free doctor’s visits a year.
  • Continue to extend the benefits and features of the SuperGold Card.
  • Promote a 10 percent discount on power bills for SuperGold Card holders during winter and hold an Inquiry into high retail power prices.
  • Investigate 100% subsidised hearing aids and spectacles for SuperGold Card holders.

SECURITY IN RETIREMENT

  • Remove income and asset testing for long stay aged hospital care services.
  • Review lottery funding criteria for community transport for senior groups and provide transport options in rural New Zealand.
  • Provide a formula for the timely provision of operations for cataracts and hip replacements.
  • Maintain core hospital services ensuring that senior citizens have timely access to acute emergency services.
  • Ensure senior citizens receive recognition for the thousands of hours of voluntary service they perform in the community and provide opportunities for paid contributions.