National super, policies attacked
Wellington reporter
National’s superannuation policies are dishonest and will lead to heavily reduced payouts, the Minister of Social Welfare, Dr Cullen says. He told the Dunedin Council of Social Services that the Opposition’s superannuation plan “is quite dishonest and, in order to be sustainable, savage cuts in the basic rates of payment — probably in the order of 30 per cent — would have to be made.” A cut of that size would “push people that were not well off during their working lives, or who had used up most of their savings, below the poverty line.” The Opposition has taken Dr Cullen to task for his latest superannuation proposal. It has also refused to take a bipartisan approach to settling the testy issue of superannuation. The Royal Commission on Social Policy advocated a bipartisan approach to the issue.
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Press, 24 September 1988, Page 2
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141National super, policies attacked Press, 24 September 1988, Page 2
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