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The New Zealand Superannuation Fund (Māori: Te Kaitiaki Tahua Penihana Kaumātua o Aotearoa) is a sovereign wealth fund in New Zealand.New Zealand currently provides universal superannuation for people over 65 years of age and the purpose of the Fund is to partially pre-fund the future cost of the New Zealand Superannuation pension, which is expected to increase as a result of New Zealand's ...
Rob Muldoon's Third National government abolished the Labour scheme the following year, and in 1977 set up a universal (not means-tested) scheme called National Superannuation that paid 80% of the average wage to married people over 60. [1] [12] National Superannuation was renamed New Zealand Superannuation in 1993. The age of eligibility ...
Te Ara Ahunga Ora Retirement Commission (formerly Commission for Financial Capability), is a Crown entity under the New Zealand Crown Entities Act 2004. [1] The Commission provides financial education and information to residents of New Zealand, advises government on retirement income policy, and monitors the effectiveness of the Retirement Villages Act 2003.
SuperGold Card, a flagship policy by New Zealand First. The SuperGold Card is a discounts and concessions card for senior citizens and veterans in New Zealand. [1] It includes public transport benefits like free off-peak travel (funded by the government) and discounts from businesses and companies across thousands of outlets.
The third National government scrapped Labour's contributory scheme and introduced National Superannuation, a non-means tested pension available to all New Zealand citizens over the age of 60, linked to the average wage (initially 70% with the intention of increasing it to 80%).
In 2013 Labour said it would like to make the KiwiSaver scheme universal, in the face of the rising cost of superannuation, [23] while financial organisations called for raising the minimum contributions to 7 per cent. [24] As part of the 2015 New Zealand budget, the National led Government repealed the $1,000 "kick-start" payment. [6]
After winning the 1935 election the newly elected First Labour Government immediately issued a Christmas bonus to the unemployed. [2] However, a regular unemployment benefit was not introduced until the passing of the Social Security Act in 1938; that benefit was "payable to a person 16 years of age and over who has been in New Zealand for at least 12 months and is unemployed, is capable of ...
The Superannuation and Other Trust Funds (Validation) Act (Northern Ireland) 1928 (c. 6 (N.I.)) The Superannuation Acts 1834 to 1892 was the collective title of the following Acts: [ 1 ] The Superannuation Act 1834 ( 4 & 5 Will. 4 .