Increasing superannuation eligibility will only save 0.3%

A NZ First inspired policy on migration and superannuation has attracted mixed views.

Fri, 07 May 2021

The move to double the residency requirement for New Zealand Superannuation to 20 years will cost more to implement than it saves in the first few years before going on to reduce the overall NZ Super bill by about 0.3% in 2041, officials say.The residency requirement to receive superannuation is set to rise from 10-to-20 years after Labour indicated it would back a Member’s Bill on the issue. The New Zealand Superannuation and Retirement Income (Fair Residency) Amendment Bill was originally an NZ First MP’s bill but was picked up by...

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