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The SMC combines both a points-based system as well as minimum requirements. The minimum points required is 6, and other minimum requirements include that one holds current skilled employment or an offer of skilled employment with a New Zealand employer that holds an accreditation with Immigration New Zealand, be aged 55 or under, be healthy, be of good character, and meet minimum English ...
In contrast to a New Zealand permanent resident, a New Zealand citizen. is entitled to hold and travel on a New Zealand passport; must never be deported from New Zealand; can stand for public office; does not need a visa for their return to New Zealand; is entitled to New Zealand consular protection; may represent New Zealand at international ...
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 ...
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.
Immigration New Zealand is an agency within the Ministry of Business, Innovation and Employment that is responsible for facilitating and regulating immigration, tourism, foreign students and workers, and foreign investment in New Zealand. Immigration NZ's other responsibilities include migrant attraction, visa facilitation, border protection ...
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.
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%).