New Zealand Superannuation Fund

Welcome to the topsy-turvy world where no-one cares what Treasury says and only the only party that seems to give a toss about sustainability is... ACT

The past week in New Zealand politics has been the argument I have every Christmas writ large; and has been just as unedifying.

I'm in my early 30s, which puts me firmly in the millennial camp. And as a millenial, I wasn't all that outraged I'd have to wait two more years to get my super, as Bill English confirmed on Monday.

Bill English has made a brave call on super, but is it mere penance for years of bad calls, will New Zealanders face the facts and has he just started a new inter-generational war?

I was talking with a colleague today about Bill English's plan to raise the age of eligibilty for super from 65 to 67 – in 20 years. "What are you," he asked, and I knew immediately what he meant. "Gen X," I replied. "But just old enough to sneak out at 65". He said he'd get caught, I said my wife would too. Then it struck me: This conversation was meaningless.

The government is in an ideological tangle over the Tiwai Point smelter negotiations, but could there be a local saviour willing to buy the plant?

Smelting is the process of melting or fusing something to extract a desired end product – at Tiwai Point that's turning bauxite into aluminium. In the Beehive, National is smelting principles and political strategies in an attempt to keep its partial asset sales programme and target of a 2014/15 surplus on track.

Contributions to the Super Fund have been suspended since 2009, until the country is back in the black. But does the logic behind that decision make any sense at all?

Amongst Labour's ground-breaking announcement that it will campaign on raising the retirement age and introducing compulsory Super, another major decision got little attention.

The Opposition says it will also kick-start government contributions to the New Zealand Super Fund, which were suspended by National in 2009.

As global stockmarkets climb and climb, the New Zealand Super Fund has hit an all-time high and this year enjoyed its most profitable month ever. So why was it again that the government cut contributions?

A funny thing happened to me in the candy store yesterday. I ran into a guy who knows a thing or two about the New Zealand Superannuation Fund and he mentioned it rapid rise in recent months.