22 Jul 2010

English rules out super changes

6:44 pm on 22 July 2010

The Government is standing firm on its position not to change the age or entitlement for national superannuation.

A conference in Wellington co-hosted by the Retirement Commission has been told the Government's spending on superannuation is not sustainable in the long term.

Options raised at the conference to deal with the mounting costs of superannuation include raising the age of entitlement, increasing immigration and lifting economic growth.

But Finance Minister Bill English says there is no appetite from the Government to change national superannuation.

Mr English says the Government can meet its current obligations to the national superannuation scheme.