Making superannuation affordable : flexible and simple is best
Addresses the increasing future fiscal costs, and need for cost containment, of New Zealand Superannuation (NZS) as increasing numbers of baby boomers reach retirement with ever larger, subsidised KiwiSaver lump sums and qualify for NZS, which must continue to be funded by taxpayers. Discusses the u...
Saved in:
| Published in: | University of Auckland business review 2016, Vol.19 (1), p.26-37 |
|---|---|
| Main Author: | |
| Format: | Article |
| Language: | eng |
| Subjects: | |
| Online Access: | Get full text |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | Addresses the increasing future fiscal costs, and need for cost containment, of New Zealand Superannuation (NZS) as increasing numbers of baby boomers reach retirement with ever larger, subsidised KiwiSaver lump sums and qualify for NZS, which must continue to be funded by taxpayers. Discusses the use of one or more of three main levers to reduce future pension payments while maintaining the best features of NZS : the age of eligibility, the level of payments, and means-testing. Details a proposal for the use of income-testing under the third lever, including a proposed 'New Zealand Superannuation Grant' (NZSG) available to all, unconditionally. Provides a brief history of income tests in NZ. Source: National Library of New Zealand Te Puna Matauranga o Aotearoa, licensed by the Department of Internal Affairs for re-use under the Creative Commons Attribution 3.0 New Zealand Licence. |
|---|---|
| ISSN: | 1174-9946 1179-3449 |