4 Feb 2010

Superannuation system seen as broken for Maori - Douglas

6:46 am on 4 February 2010

Sir Roger Douglas says the superannuation system is broken for Maori.

ACT's Maori Affairs spokesman says instead of expending energy on Treaty settlements, Maori leaders should focus on contemporary issues like education, health and superannuation.

He says Maori spend a lifetime paying tax for other people's superannuation, but few get to benefit themselves because they are likely to die younger.

Sir Roger told Waatea News that if Maori were allowed to put into their own personalised super accounts, they would probably retire with $1 million-plus - which he said is much better is than $200 - $250 per week for a few years.

Sir Roger said he also wants to see individual health insurance accounts.