News Life and Health14 Feb 2020

New Zealand:Govt pension scheme can last for next 30 years at current eligibility age

14 Feb 2020

The latest Treasury projections show that NZ Superannuation is sustainable for at least the next 30 years, and raising the age would do more harm than good, Mr Peter Cordtz, interim retirement commissioner, has said in the three-yearly Review of Retirement Income Policies. NZ Super is the government pension scheme which pays benefits to Kiwis over the age of 65, subject to residency criteria.

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