Two main points
New Zealand Superannuation (NZS) is one of the simplest, most effective, and most cost effective Tier 1 schemes in the developed world. We mess with it at our peril. We have never had a research-led discussion on any aspect of the design of NZS and, once we get through the 2014 election, that discussion should start. But there is no panic about this. We have time to do the job properly and, by the way, show the rest of the world how to do it properly.