Tag Archives: Certainty

Bill English PM : Super changes

john-key-54-and-bill-english-54-in-aug-2015-david-white-fairfax-via-stuff-co-nz-1

“New Zealanders are healthier and living longer so adjusting the long-term settings of NZ Super while there is time for people to adapt is the right thing to do.” –Bill English PM

### NZ Herald Mon, 6 Mar 2017 3:19 PM
PM Bill English announces Super changes [+ Videos]
The eligibility age for superannuation will rise to 67 years old by 2040, Prime Minister Bill English revealed this afternoon. In a major political development, English promised to begin progressively lifting the threshold from 65 to 67 years old in 2037. That means the changes will not affect anyone born on or before 30 June, 1972. The Government will not act on the promise until after the general election in September.

English said the major change would be legislated for next year. The Government will also limit superannuation eligibility to people who have lived in New Zealand for 20 years, rather than 10 years. That is lower than the commissioner’s recommendation of 25 years. English said the new residency requirement would apply to people who arrived in the country after the law was passed – likely to be next year if the National-led Government remains in power.

Other settings such as linking NZ Super to the average wage and universal Super without means-testing would remain unchanged. The age at which people could access Kiwisaver would remain at 65.

In justifying the change, English noted that even someone who retired at age 67 was likely to receive NZ Super for longer than someone who retired at age 64 today. “That is because average life expectancy is increasing by about 1.3 years each decade.”

The changes to the age of eligibility and residency requirements would save the Government at estimated 0.6 per cent of GDP or $4 billion once fully phased in.

Finance Minister Steven Joyce said New Zealanders’ life expectancy had risen by 12 years over the past 60 years. “When the age was set at 65 in 2001, a retiree could expect to spend about a fifth of their life receiving NZ Super. That has since increased to about a quarter. Following this change, those eligible for NZ Super at 67 in 2040 can still expect to receive it for a quarter of their life on average.”

Experts have said the Government will have to do more than raise the age of eligibility to keep the Super scheme affordable. The cost of the scheme is expected to triple in the next 20 years from $11 billion to $36b as more people reach the over-65 age-group and live for longer.

….English said raising the retirement age in 2037 would more fairly spread the costs and benefits of NZ Super between generations, ensure it remained affordable, and would give people time to adjust. It would also bring New Zealand into line with other countries like Australia, the UK, Denmark, Germany and the United States. English said he did not think his proposals would damage National’s chance of winning a fourth term. “I think they will enhance it,” he said.
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At Facebook:

Posted by Elizabeth Kerr

This post is offered in the public interest.

*Image: stuff.co.nz – John Key (54) and Bill English (54) in August 2015. Photo by David White/Fairfax, tweaked by whatifdunedin

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Where is the unreserved DCC apology to the Community of South Dunedin ?

Updated post
Thu, 7 Jul 2016 at 5:45 p.m. [link to peer reviews via LGOIMA]

And where are the Opus International ‘peer reviews’ for public scrutiny.

All we have is the self-congratulatory propaganda from DCC and the motley crew, propagated by friends at ODT.

Flood review clears DCC staff findings

SHAME

We hear from inside DCC that the peer reviews are not up to much.

Opus, you say?

Hmm.

News. Farce. Like an incessant rash.

Reasons for political Removal.

Posted by Elizabeth Kerr

Election Year. This post is offered in the public interest.

70 Comments

Filed under Business, Climate change, DCC, Democracy, District Plan, Dunedin, Economics, Finance, Geography, Health, Heritage, Housing, Infrastructure, Media, Name, New Zealand, OAG, Ombudsman, People, Politics, Project management, Property, Proposed 2GP, Public interest, Resource management, South Dunedin, Town planning, Transportation, Travesty, What stadium

Presentations available —a) 4 July USA —b) 20 June SDAG

Link received.
Mon, 4 Jul 2016 at 12:29 p.m.

Sam Eagle Uploaded on Jun 27, 2008
Stars & Stripes FOREVER!
I, Sam the Eagle, present a musical salute to America.
(c) 2009 The Muppets Studio, LLC

From: [Dunedin City Council]
Sent: Monday, 4 July 2016 11:55 a.m.
To: Elizabeth Kerr
Subject: Response to Information Request

Dear Ms Kerr,

Official information request for CEO SPEECH SOUTH DUNEDIN

I refer to your official information request dated 27-June-2016 for “a full copy of DCC Chief Executive Sue Bidrose’s speech and overhead slides presented to the public meeting hosted by the South Dunedin Action Group on 20 June at Nations Church, King Edward St.”

The information you have requested is available on our website at:
http://www.dunedin.govt.nz/__data/assets/pdf_file/0015/550140/SC2200115516062812500.pdf

If you wish to discuss this further with us, please feel free to contact the chief executive and request an appointment.

Yours sincerely

[Dunedin City Council]

Download: Sue Bidrose – South Dunedin and stormwater June 20 2016
(PDF, 1 MB)

Posted by Elizabeth Kerr

Election Year. This post is offered in the public interest.

4 Comments

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Ray Macleod, letter to editor

ODT 2.7.16 (page 30)

ODT 2.7.16 Letter to editor Macleod p30

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Received from Lyndon Weggery
Tue, 21 June 2016 at 7:29 p.m.

Message: In the light of concerns last night [South Dunedin public meeting] about the effects of the Proposed 2GP on South Dunedin, suggest you extract the Hazard Zone portion and post it on What if?

South Dunedin Hazard Zone (PDF, 2 MB)

The following report by Anna Johnson shows that very little was done [public consultation] in 2014. In fact only 17 people turned up to the DCC workshop in South Dunedin and their Appendices show that less than 10 people commented on their draft natural hazard policy.

Preferred Options Report (1) (PDF, 2 MB)

Related Posts and Comments:
● 28.6.16 The Star and RNZ on raised flood levels #SouthDunedin
● 27.6.16 CULL commingled #AGWbullsfeatherartists
● 23.6.16 Sa pièce de résistance @ #DUD
● 21.6.16 Mayoral Statement to South Dunedin
● 20.6.16 Public Meeting: South Dunedin Action Group #tonight
18.6.16 South Dunedin stormwater pipes —getting past the desktop ICMP
● 17.6.16 So we’re going to play it this way #SouthDunedinFlood
● 16.6.16 Public Meeting: South Dunedin Action Group #AllWelcome
● 6.6.16 Listener June 11-17 2016 : Revisiting distress and mismanagement
6.5.16 South Dunedin Action Group: Notes of meeting with DCC (3 May 2016)
14.4.16 South Dunedin flood risk boosters #ClimateChangeCrap #PissOffPCE
26.2.16 Mudtanks and drains + Notice of Public Meeting #SouthDunedinFlood
● 31.12.15 2016, have mercy !@$#%^&*
10.4.15 DCC: Natural Hazards

*Bullet points indicate comments entered after the public meeting 20 June.

█ For more, enter the terms *flood*, *sea level rise*, *climate change*, *pce*, *stormwater*, *hazard*, *johnstone*, *hendry*, *south dunedin action group*, *debriefing notes* or *listener* in the search box at right.

Posted by Elizabeth Kerr

Election Year. This post is offered on the public interest.

19 Comments

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Nest egg ratcheting #HigherSalaries —selling the economy short

Dilbert 19.1.16 by Scott Adams Billion dollars. [Stuff.co.nz]Dilbert by Scott Adams | Billion dollars. [Stuff.co.nz 19.1.16]

Received from Anonymous 1
Tue, 5 Apr 2016 at 8:52 a.m.

█ Message: This needs wide debate in Dunedin and NZ!

Slashing huge salaries ‘would not hurt economy’, says report as new analysis finds leading CEOs earn average of £4.6m a year.

### theguardian.com Sat, 5 Mar 2016 22.38 GMT
The Observer – Business
Pay for UK bosses is ‘absurdly high’, top headhunters admit
By Daniel Boffey – Observer policy editor
Britain’s chief executives are wildly overpaid, and there would be no negative impact on the economy if their salaries were slashed, a groundbreaking study of the country’s top headhunters reveals. The London School of Economics report is a damning indictment of the state of executive pay, and comes as an analysis of FTSE 100 company accounts shows that the average pay package of a top CEO is now £4.6m a year. Interviews with the top 10 international recruitment firms behind 70-90% of chief executive appointments in recent years found a consensus among so-called corporate kingmakers that levels of remuneration for the most senior executives are “absurdly high”.

Headhunters claimed that, for every appointment of a CEO, another 100 people could have filled the role just as ably, and that many chosen for top jobs were “mediocre”.

The market for executive jobs, however, has become so distorted that it would amount to career suicide for a chief executive to indicate that he or she would be willing to work for less. The study’s authors write: “If one were to offer to do the job for less, would that tip the decision in his or her favour? All the headhunters agreed that this would be a poor strategy. “Indeed, it might be that asking for a larger remuneration would have a positive effect in securing the appointment.”
Read more

● This article appeared in the Otago Daily Times on 28 March 2016.

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Received from Anonymous 2
Tue, 5 Apr 2016 at 8:20 a.m.

█ Message: A friend in Australia sent me this in anticipation of an upcoming Aussie election. Interesting! Why are we so cynical about politicians?!

Cunning thievery Australia

Posted by Elizabeth Kerr

3 Comments

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