Govt to resume Super Fund contributions a year early, in 2019

Tue, 17 Dec 2013

By Pattrick Smellie Dec. 17 (BusinessDesk) – The improving economic outlook and higher forecast budget surpluses mean the government will start paying down national debt a year earlier than forecast, in 2016/17, allowing a return to government contributions to the New Zealand Superannuation Fund in 2019. The Budget Policy Statement, published today by Finance Minister Bill English, says the government will now resume NZ Super Fund contributions from 2019/20, a year earlier than forecast in the May Budget. A yearly statutory requirement, the...

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