KiwiSaver

Labour lacks support for its super policy

Monday 6th of December 1999
Incoming finance minister Michael Cullen has acknowledged there is insufficient support in Parliament to pass all of Labour's superannuation policy.

There will be support to increase the level of New Zealand Superannuation to 65 per cent of the average wage, however Labour does not have the numbers to move the scheme to a partially funded base.

Before the election Alliance leader Jim...

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