Christopher Luxon: The Prime Minister talks Budget 2025 with Kerre Woodham and Newstalk ZB listeners

The Prime Minister's keen to raise the retirement age -- but it's not possible in coalition with New Zealand First. The Government is halving its KiwiSaver contribution rate -- and canning if people earning more than 180-thousand dollars. The default rate of worker and business contributions to KiwiSaver will rise over time. Chris Luxon told Kerre Woodham pushing out the retirement age to 67 makes sense. He says Labour doesn't think it’s a good idea, and New Zealand First does not want to move that forward. Luxon also spoke about the cuts the government made to make funding available elsewhere.  Budget 2025 includes 21 billion dollars of cost-savings - 13 billion of that from the controversial change to pay equity law - raising claim thresholds. Prime Minister Chris Luxon told Kerre Woodham these are difficult choices, but there's no way they could afford that. LISTEN ABOVE OR WATCH HERE See omnystudio.com/listener for privacy information.