KiwiSaver as a Social Policy

Paper Summary:

The paper describes the KiwiSaver savings program in New Zealand that aims to help all citizens prepare financially for their future. The paper explains the political philosophy behind this program and the political leadership in New Zealand. The paper then explores whether The Third Way (TTW) project is linked to the establishment of KiwiSaver.

Outline:
Introduction
KiwiSaver and Data Showing the Need
Social Democracy and KiwiSaver
Political Theory and KiwiSaver
The Third Way and KiwiSaver Policy Options
Conclusion

From the Paper:

"A vitally important social / economic policy that the New Zealand Government launched - thanks in part to the progressive influences of the Labour Alliance Coalition and cooperation from private providers and employers - is called KiwiSaver ("Poua he Oranga"). KiwiSaver is a kind of savings program to help all citizens prepare financially for their retirement, or whatever their future plans happen to be. The benefits are many, and the program is flexible. This program was certainly not designed with Maori needs in mind exclusively, but indeed KiwiSaver offers returns to individuals - if they take advantage of it - that may not be as well off financially as they would like to be in terms of support for their families and their future comfort."

Sample of Sources Used:

• Allen, Michael W.; & Ng, Sik Hung. (2000). Self-Interest, Economic Beliefs, andPolitical Party Preference in New Zealand. Political Psychology, 21(2), 323-345.
• Blair, Tony. (1998). Tony Blair, The Third Way. Goucher College History Department.Retrieved 9 July 2008, from http://faculty.goucher.edu/history231/blair.htm.
• Blair, Tony, & Schroeder, Gerhard. (1999). Europe: The Third Way. Retrieved 9 July,2008, from http://www.socialdemocrats.org/blairandschroeder6-8-99.html, alsoavailable from www.labour.org.uk; produced by Social Democrats.
• Giddens, Anthony. (2000). Social Democracy and the Third Way. In The Third Way andIts Critics, Cambridge, UK: Polity Press.
• Kelsey, Jane. (2002). Essays at the Crossroads: The Jobs Letter. Retrieved 9 July 2008,From http://www.jobsletter.org.nz/jbl16710.htm.

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