Te PÄti MÄori advocates for reducing the New Zealand superannuation eligibility age for MÄori by 7-10 years, citing lower life expectancy and physically demanding jobs. They argue this addresses the disparity where MÄori contribute but often die before benefiting fully from the system.
The Labour Party opposes this policy, citing potential resentment from other demographics and the substantial financial implications. They estimate an 8-year reduction would cost nearly $4 billion in 2024.
New Zealand's superannuation expenditure is significant, reaching nearly $22 billion in 2024 and projected to increase to $29 billion by 2029. This context highlights the considerable cost associated with Te PÄti MÄori's proposal.
The Green Party supports flexible eligibility based on factors like health conditions, lower life expectancy, or a just transition. National and Act aim to increase the eligibility age to 67, while previously, the Green Party supported maintaining it at 65.
Data indicates a life expectancy gap between MÄori and other ethnic groups in New Zealand, with MÄori men and women having significantly lower life expectancies than their PÄkehÄ counterparts. This disparity underpins Te PÄti MÄori's argument.