Baby boomers stagger blindfold into retirement: Tuesday, 22 January 2013 Mark Story
A whopping 86% of Australia’s 5.5 million baby boomers are, in varying degrees, financially under-prepared for retirement, according to research release by industry super heavyweight REST Industry Super today. Continue reading
In this wide ranging article is the following statement:-
The $1 billion saving Mr English referred to as a priority was signalled in the 2011 Budget where state agencies will be required to fund the employer contributions to KiwiSaver, the State Sector Retirement Scheme and the Teachers’ Retirement Scheme, saving $650 million over three years, and a further $330 million is being sought.
Full Article at