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The Superannuation Fund was created by the New Zealand Superannuation and Retirement Act 2001 [5] on 11 October 2001 by Michael Cullen, who was then Minister of Finance under the Fifth Labour Government, and is colloquially known as the "Cullen Fund". [6] The sovereign fund posted a record 25.8% return in the twelve months till 30 June 2013. [7]
Download as PDF; Printable version; ... New Zealand Superannuation Fund; S. ... This page was last edited on 12 May 2022, at 23:30 (UTC).
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.
[1] [12] National Superannuation was renamed New Zealand Superannuation in 1993. The age of eligibility became 61 in 1992, then gradually increased to 65 between 1993 and 2001. [12] [14] Those receiving New Zealand Superannuation can receive some subsidised goods and services through use of the SuperGold Card. [15]
The Ministry of Social Development (MSD; Māori: Te Manatū Whakahiato Ora) is the public service department of New Zealand charged with advising the New Zealand Government on social policy, and providing social services. MSD is the largest public service department, employing public servants in over 200 locations around New Zealand.
Created the New Zealand Superannuation Fund (2001); KiwiSaver retirement savings scheme (2007); Purchased a majority stake in Air New Zealand (2001); Renationalised New Zealand's national rail network (Under ONTRACK) (2004), and in 2008 the rail and ferry operations of Toll New Zealand (renamed KiwiRail). KiwiRail and ONTRACK were then merged ...
The Superannuation Act 1914 (4 & 5 Geo. 5. c. 86) The Superannuation Act 1909 (9 Edw. 7. c. 10) The Overseas Superannuation Act 1991 (c. 16) The British Council and Commonwealth Institute Superannuation Act 1986 (c. 51) The Local Government Superannuation Act 1953 (1 & 2 Eliz. 2. c. 25) The Local Government Superannuation Act 1939 (2 & 3 Geo. 6 ...
In 2016, New Zealand Post announced the successful completion of the sales of 25 percent of Kiwibank to the New Zealand Superannuation Fund and 22 percent to the Accident Compensation Corporation. [18] On 22 August 2022, the New Zealand Government purchased Kiwibank's holdings company Kiwi Group Holdings for an estimated