What You Get Out is What You Put in is A Worrying Principle for A Retiement Scheme.
Listener: 4 May, 1996.
Keywords: Social Policy;
When I began preparing this column the political party ACT had a well established policy, based on principles with which if one did not agree, at least one could understand. They have since changed their leader who has announced that parts of the policy would be changed to make them electorally attractive. Thus far their policy on retirement has not been altered, but it may be. However I am more interested in the principles. Because the ACT proposal is (or was) the most extreme scheme, it nicely illustrates key issues.