Global productivity slowdown could threaten NZ superannuation, warns Treasury

Treasury secretary Iain Rennie says fiscal and productivity challenges go "hand in glove". (Image: NZME)

Thu, 05 Dec 2024

Treasury is warning that a global productivity slowdown may have far-reaching consequences for funding New Zealand Superannuation.During Parliament's scrutiny week, the new head of Treasury, Iain Rennie, was responding to questions raised by Labour’s finance spokesperson, Barbara Edmonds.Edmonds said older NZers expected that they’ve paid taxes all their life “so will get NZ Super”, adding that in some cultures, “the old looks after young and the young looks after the old, [so] how do you balance that...

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