Mood of the Boardroom 2012: Superannuation - Raise the age?
Fran O'Sullivan, Executive Editor of the Mood of the Boardroom delivers her report probing the views from CEO's of New Zealand's major companies in association with BusinessNZ. A major topic of hot debate is Superannuation & the issue of raising the age from 65 to 67. Eighty-eight percent of more than 100 CEOs surveyed said retirement funding should be raised. Business leaders were told in no uncertain terms that the Prime Minister would not break his word by raising the superannuation age. Speaking at the Mood of the Boardroom breakfast, Finance Minister Bill English responded to calls from CEOs for National to reconsider its position on super. However, Labour's finance spokesperson David Parker believes the age should be raised but disagrees on the terms of means based assessments.