New Zealand Super: The Evidence. Great Public Policy

NEW ZEALAND SUPERANNUATION- KEY PAPERS, 2004-2024

     WONDERFUL PUBLIC POLICY!!!

HOW IMPORTANT IS  NZ SUPER?

 2013 Michael Littlewood

“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”

2013 Martin Hawes

“NZ Super is a system so simple and cheap that we need to give people certainty and stop playing football with it.”

2017  Diana Crossan ex Retirement Commissioner

“NZ Superannuation is a truly wonderful thing and although we know there is still some poverty in old age, it has made it so much better for so many people, particularly older women. So apart from the age, we do NOT need or want politicians interfering with it!

“We are talking of a fundamental societal shift over recent years. Seniors are now the backbone of many of the family economic arrangements in New Zealand.  New Zealand Superannuation has become a generational transfer entitlement wrapped around family, equity, and well-being principles.”

  2024 NZ Super is a taonga, not a burden: Retirement Commissioner seeks political accord Retirement Commissioner Jane Wrightson says NZ Super is a taonga that protects New Zealanders from poverty in old age.

“Claims that NZ Super is unaffordable are not supported by independent, publicly accessible analysis,” she says.

“NZ Super is a vital part of the retirement income system and needs to be fair, stable, and affordable for current and future generations. Tomorrow’s pensioners will not be in the same position as today’s. We need a way for politicians to take a longer-term, and purposeful approach, so the right decisions are made.

 2024 October 10.2024: Longevity in New Zealand report, Alison O’Connell. Alison O’Connell New Zealand Society of Actuaries PHD

“New Zealand Superannuation is the best protection against longevity risk, and we all need a good NZS system. It is quite possible that, despite the introduction of KiwiSaver, younger cohorts will need NZS just as much, if not more, than older cohorts, because of lower home ownership, lower wage growth, less stable jobs, and lower savings rates.”

  • 2004 Comments on NZ Super by Len Bayliss geocities.ws/len7373/crossan.html
  • DISCUSSION PAPER PI-0506 Pensions taxation and retirement incomes in New Zealand Susan St John

https://www.pensions-institute.org/wp-content/uploads/2019/workingpapers/wp0506.pdf

https://www.auckland.ac.nz/assets/business/about/our-research/research-institutes-and-centres/RPRC/PensionBriefing/2010-7%20Improving%20the%20affordability%20and%20equity%20of%20New%20Zealand%20Superannuation.pd

 

https://www.auckland.ac.nz/assets/business/about/our-research/research-institutes-and-centres/RPRC/Commentary/We%20all%20have%20to%20talk%20about%20New%20Zealand%20Superannuation%20(2012-3).pdf

  • 2013: NZ Superannuation is affordable now and even more affordable in 2050 Michael Littlewood

https://kaspanz.wordpress.com/wp-content/uploads/2013/10/proceedings-3-m-littlewood-nzs-affordable-now-and-even-more-in-20501.pdf

 

  • 2015: The coming debate on NZ Superannuation-the review process. Michael Littlewood

https://www.auckland.ac.nz/assets/business/about/our-research/research-institutes-and-centres/RPRC/PensionBriefing/PC%202015-2%20The%20coming%20debate%20on%20New%20Zealand%20Superannuation%20-%20the%20review%20process.pdf

  • 2015 Redesigning NZ Superannuation. Michael Littlewood

https://www.auckland.ac.nz/assets/business/about/our-research/research-institutes-and-centres/RPRC/PensionBriefing/pc-2015-1-redesigning-new-zealand-superannuation.pdf

  • 2016: New Zealand Superannuation policy and overseas state pensions. M. Claire and Susan St John September 2016.

https://assets.retirement.govt.nz/public/Uploads/2016-Review-Of-Retirement-Income-Policies/International-Picture/ea7f434a01/708-International-Picture-RPRC-NZ-Super-And-Overseas-Pensions-2016.pdf

https://assets.retirement.govt.nz/public/Uploads/Retirement-Income-Policy-Review/2019-RRIP/Research-docs/Who-Gets-What/Ak-Uni-RPRC-Report-Sustainability-of-NZ-Super.pdf

 

  • 2022: Review of Retirement Income Policies, Retirement Commission. 77-page booklet.

https://assets.retirement.govt.nz/public/Uploads/Retirement-Income-Policy-Review/2022-RRIP/RRIP_2022.pdf

  • 2024 New Zealand Superannuation: Generational Wellbeing. Excellent Public policy, Alec Waugh

https://greypowermag.co.nz/superannuation/new-zealand-superannuation-generational-wellbeing/

https://retirement.govt.nz/news/latest-news/nz-super-is-a-taonga-not-a-burden-retirement-commissioner-seeks-political-accord

  • 2024: New Zealand Superannuation: An actuarial view on reform. By the Retirement Income Interest Group of the New Zealand Society of Actuaries .

https://actuaries.org.nz/content/uploads/2024/01/RIIG-NZS-Reform-Jan24.pdf.

Compiled By Alec Waugh, Dec ember 2024

MPP, BA Chairman of Kaspanz www.kaspanz.com Research Associate, Pensions and Intergenerational Equity research hub .

 

This article was written by Alec Waugh

BA (history) Master Public Policy MPP. Career primarily Police 1968-2006. CEO Business Information Services (BIZinfo) Liberal commentator, voted NZ First/Labour last 3 elections. European. Interested in delivery issues and implementation, trends over time. Well read

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