Cabinet gives Super 2000 the chop
The Super 2000 Taskforce, which was established to find a solution to New Zealand's superannuation problem, is likely to formally get the chop today.ha
Monday, January 24th 2000, 12:00AM
Good Returns understands a paper proposing that the taskforce should be wound up will be presented to the Cabinet meeting.
Prime minister Helen Clark and finance minister Michael Cullen clearly spelt out days after the election that it would disband the taskforce which is headed by former Council of Trade Unions head Angela Foulkes.
Foulkes says the Government hasn't formally discussed the future of the taskforce with her, rather it wanted to stick to its pre-election promise of abolition.
She says it is disappointing Super 2000, which was due to present its findings by November, is being disbanded, as it had done some useful work.
Foulkes expects that the three of the major projects currently underway - surveys of living standards and the labour market, the school superannuation competition and the long term fiscal modelling work - will be carried through to completion.
It is unknown whether the Government will do anything with the completed work.
The survey of living standards is likely to produce some extremely useful information about how much money pensioners live on. It is likely to show that a lot of old people are quite well off.
| « News Round Up | Get your tax questions answered online » |
Special Offers
Commenting is closed
|
|
Printable version |
|
Email to a friend |
