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MPs Super Plan Under Fire | Auckland News
Acting PM David Seymour is open to ditching MPs’ lavish superannuation for KiwiSaver, despite not being in one himself — a move first recommended by the Remo in 2020 but shelved during Covid. Opposition leader Chris Hipkins pushes back, arguing MPs’ generous pay and super act as a deterrent against corruption and offer post-parliamentary security — even citing his own use of MP super to pay off a beach house mortgage. The current MP scheme, launched in 2003, offers taxpayers $2.50 for every $1 contributed, up to 20% of salary — far more than KiwiSaver’s standard employer match. Listen in…
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