Boomer,
Yes it will take over 60 years for those currently in the system to work through. But we all did a deal, put money away from our own use then on retirement it and its earnings will be available tax free. As far as I am concerned a deal is a deal.
Mr Morrison is a thieving rogue. I upheld my part of the deal then he introduced a cap on his part of the deal. Hence the British and Kiwis are still paying millionaires the pensions they were promised.
When a deal is on foot, one party has fulfilled their part of the deal it isn't right for the other party to welch.