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Looking Back to Move Forwards: A Review of Past Reviews of Retirement Income Policies in NZ

Timely paper as we enter the 2020 yr and decade, from Dr Malcolm Menzies, a qualified Researcher and contractor on … More Looking Back to Move Forwards: A Review of Past Reviews of Retirement Income Policies in NZ

Kiwi Saver: New Zealand Superannuation: The New Zealand Superannuation Fund

Can someone please explain the difference between KiwiSaver, The New Zealand Superannuation Fund and New Zealand Superannuation? KIWI-SAVER was introduced … More Kiwi Saver: New Zealand Superannuation: The New Zealand Superannuation Fund

Kaspanz Chair Makes Sunday Star Times

Don’t panic on pensions

ROB STOCK

Sunday Star Times Oct 13th, 2013 D1, D5

Fears of a massive unaffordable pensions blowout in future may be easing as analysis suggests a sustainable solution is achievable.

Measures proposed by the Retirement Commission are estimated to cut the cost of NZ Super to about 6.5 per cent of GDP by 2060 – a level seen as costly, but affordable.

Retirement Commissioner Diane Maxwell said the measures were designed to be the last big changes needed to make the universal state pension sustainable in the face of an ageing population.

Her comments follow analysis from the University of Auckland’s Retirement Policy and Research Centre showing a consistent decline in Treasury’s estimates of the future cost of NZ Super.

14 treasury models

Click for full-sized image

On Wednesday in the Focusing on the Future report the Commission for Financial Literacy and Retirement Income proposed progressively raising the age of eligibility for NZ Super (currently $21,336.64 before tax for a person living alone) as life-spans increase. Continue reading Kaspanz Chair Makes Sunday Star Times