SHOCKING!!!! The 20-somethings receiving NZ Super
There are about 3000 people across New Zealand receiving NZ Super who are not yet 65 - and three of them are not even 30.
Before 2020, it was possible for someone receiving NZ Super to add a non-qualifying partner.
This gives each person a payment of $787.58 a fortnight.
The option was removed in 2020 but people who were already receiving the payment were allowed to remain on it.
Three are aged 25 to 29, six 30 to 34, nine 35 to 39 and 27 aged 40 to 44.
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The number is rounded to the nearest three.
The bulk of the 3003 non-qualifying partners aged under 65 are between between 60 and 64.
In 2019, there were 13,231 non-qualifying partners receiving the payment.
A Cabinet paper at the time of the change noted that the payment was income tested but there were no work obligations for either partner.
It said the change was made as part of a shift towards assessing the pension on an individual basis.
"Partners who are unable to access the NQP provision will continue to have access to the main benefit system - eg Jobseeker Support, Support Supported Living Payment, or Emergency Benefit."
But economist Shamubeel Eaqub said people who were in that position were worse off.
"Unemployment payments are a lot less than super payments."
Infometrics chief forecaster Gareth Kiernan agreed there was potential inequity between someone who had qualified for the higher payment because of their older partner, and someone who had not.
A person on JobSeeker Support at half the couple rate would get $307.42 before tax each week, compared to $476.47 for the NZ Super recipient.
Any additional income earned by the couple would reduce the JobSeeker entitlement but not the NZ Super payment.
Kiernan said about 2.5 percent of people aged 60 to 64 were on JobSeeker Support. That was a total of about 7800 people in August, compared to 8139 for 55 to 59-year-olds.
At the time of the change, the Retirement Policy Research Centre said there could be problems for couples if someone who was under 65 had to stop work to care for an older partner but could no longer access the same support.
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Even Australians get it - so why not Kiwis???
“Ten years ago, if a heatwave as intense as last week’s record-breaker had hit the east coast, Australia’s power supply may well have buckled. But this time, the system largely operated as we needed, despite some outages.
On Australia’s main grid last quarter, renewables and energy storage contributed more than 50% of supplied electricity for the first time, while wholesale power prices were more than 40% lower than a year earlier.
[…] shifting demand from gas and coal for power and petrol for cars is likely to deliver significantly lower energy bills for households.
Last quarter, wind generation was up almost 30%, grid solar 15% and grid-scale batteries almost tripled their output. Gas generation fell 27% to its lowest level for a quarter century, while coal fell 4.6% to its lowest quarterly level ever.
Gas has long been the most expensive way to produce power. Gas peaking plants tend to fire up only when supply struggles to meet demand and power prices soar. Less demand for gas has flowed through to lower wholesale prices.”
Full article: www.theguardian.com...
If even Australians see the benefit of solar - then why is NZ actively boycotting solar uptake? The increased line rental for electricity was done to make solar less competitive and prevent cost per kWh to rise even more than it did - and electricity costs are expected to rise even more. Especially as National favours gas - which is the most expensive form of generating electricity. Which in turn will accelerate Climate Change, as if New Zealand didn’t have enough problems with droughts, floods, slips, etc. already.
Time to Tickle Your Thinker 🧠
If a zookeeper had 100 pairs of animals in her zoo, and two pairs of babies are born for each one of the original animals, then (sadly) 23 animals don’t survive, how many animals do you have left in total?
Do you think you know the answer? Simply 'Like' this post and we'll post the answer in the comments below at 2pm on the day!
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Poll: As a customer, what do you think about automation?
The Press investigates the growing reliance on your unpaid labour.
Automation (or the “unpaid shift”) is often described as efficient ... but it tends to benefit employers more than consumers.
We want to know: What do you think about automation?
Are you for, or against?
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9.5% For. Self-service is less frustrating and convenient.
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43.4% I want to be able to choose.
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47.1% Against. I want to deal with people.
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