Susan St John: Auckland University associate professor introduces new proposal designed to change pension system

The debate over how we fix Superannuation has sparked discussion over the years - and one expert has offered up a solution. Economists have stressed the importance over fixing this issue, as New Zealand stares down the barrel of an ever-expanding ageing population. In a new paper, Auckland University associate professor Susan St John introduced the idea of the New Zealand Superannuation Grant. "When we look to the future and we look at the fiscal pressures that are coming from an aging population and we look at the associated healthcare costs - we really do have to take our heads out of the sand." LISTEN ABOVESee omnystudio.com/listener for privacy information.