John Key not moving on superannuation

Prime Minister John Key says he won’t change his mind about raising the eligibility age for superannuation.

“I gave my word to the New Zealand public and I simply don’t break my word easily, if you do that… well if they can’t trust you on one thing, why can they trust you on something else? I’ve always been transparent,” he says.

But even if the age was increased by just one year from 65 to 66, it could mean a saving of $750 million annually. Mr Key says he does not believe any political party is considering such a move, and says it will have no impact in the short term.

“I don’t think there’s any political party talking about raising the age of superannuation prior to 2020… changing the super age in eight year’s time isn’t going to do anything for the Government’s finances today,” he says.

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source: newshub archive