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Story summary
- Chief economist Shamubeel Eaqub says means-testing New Zealand Super could cut the $25 billion cost by 40 percent, making it fiscally sustainable.
- He argues that means-testing, not raising the eligibility age to 67, is preferred, warning the rise would be inequitable and noting Australia’s 60 percent supported versus 40 percent retirees.
- Labour has ruled out Super changes, with Finance Minister Nicola Willis saying the trajectory cannot continue.
- National will unveil its policy nearer the election.
