Super policy defended
PA Wellington The Government was “far from the mark” in saying National had overestimated the savings from its superannuation policy announced recently, said an Opposition spokesman. Mr Venn Young, the spokesman on social welfare, said there was a big margin of savings in the
policy’s costings. It allowed for 50 per cent of people wanting means-tested benefits between the ages of 60 and 64, not the 24 per cent estimated for the decades ahead by a 1972 inquiry. The Government, which estimates the proportion to be 75 to 80 per cent, has said figures for sav-
ings in the policy contain major discrepancies, some of them highly questionable. Mr Young said, however, the Government had not taken into account the savings that would be made by not paying benefits to a growing population aged 60 to 65.
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Press, 3 September 1986, Page 4
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140Super policy defended Press, 3 September 1986, Page 4
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