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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 ...
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.
Superannuation in New Zealand This page was last edited on 12 May 2022, at 23:30 (UTC). Text is ... This page was last edited on 12 May 2022, at 23:30 (UTC).
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.
Called retirement plans in the United States, they are commonly known as pension schemes in the United Kingdom and Ireland and superannuation plans (or super [3]) in Australia and New Zealand. Retirement pensions are typically in the form of a guaranteed life annuity, thus insuring against the risk of longevity.
[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]
New Zealand Superannuation and Veteran’s Pension Legislation Amendment Act 2020: 2020/36: 24 July 2020 New Zealand Māori Arts and Crafts Institute Vesting Act 2020: 2020/37: 24 July 2020 Education and Training Act 2020: 2020/38: 31 July 2020 Corrections made under the Legislation Act 2012. Education and Training Act 2020: 2020/38: 31 July 2020
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