Steps to remove the two policies from the party's policy platform were approved by delegates at the party's conference today.
Labour leader Andrew Little would not rule out a comeback for the policies in the future, but said if it got into Government in 2017 it would not introduce them without campaigning on them again in a future election.
That effectively takes them off the table until at least the 2020 election.
Mr Little said the party was unlikely to reconsider the policies while it was in Opposition because the resources of Government were required to analyse the policies properly.
"We will conduct a review of our total tax system against the principle of fairness and if as a result of that we come up with a package that changes things we will go to the people with that and get a mandate to make any changes before we make any changes."
Labour had the policies for the past two elections and in the leadership contest last November, Mr Little said they were hindering Labour's chances at the polls and should be reconsidered.
He said yesterday that raising the age of eligibility had sent a signal to those who did physical work would have to work for even longer even though they were struggling to work through to 65 already.
"So we have to think about the cost of superannuation but we don't want to penalise people for it."
NZ First leader Winston Peters was opposed to the policy but Mr Little said hopes of a future coalition with that party were not a factor in the decision.
Mr Little also ruled out an inheritance tax, which was one of the proposals the conference was considering.
Labour's NZ Power policy was another to go on the chopping block at the conference after Mr Little said it was too complicated for voters to understand.
Labour would look for a simpler way to reduce power prices for consumers.
Under NZ Power, a Government-owned company was to buy power from generators and set the price of it for consumers.
