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Outgoing Retirement Commissioner Diane Maxwell has been outspoken about the need to increase the pension age from 65.
"You used to get super for five years, then 10 and now 20 - soon it'll be 30. I'm not sure how we can fund people getting super for 30 years or more."
New … View moreOutgoing Retirement Commissioner Diane Maxwell has been outspoken about the need to increase the pension age from 65.
"You used to get super for five years, then 10 and now 20 - soon it'll be 30. I'm not sure how we can fund people getting super for 30 years or more."
New Zealand has one of the simplest pension schemes in the world - all you have to do is be old enough and have lived in the country long enough and you can get it.
But that also makes it expensive - about $14.5 billion this year. Jobseeker benefits, by comparison, cost just $1.7b and sole parent support $1.08b.
To read the story click here
Join the team at House of Travel Lower Hutt, along with Intrepid Travel guru Griff, on a visual journey around the world.
Intrepid Travel know what travellers really want; a balance of inclusions and free time, a mix of classic highlights and local secrets you won’t find on Google.
And of… View moreJoin the team at House of Travel Lower Hutt, along with Intrepid Travel guru Griff, on a visual journey around the world.
Intrepid Travel know what travellers really want; a balance of inclusions and free time, a mix of classic highlights and local secrets you won’t find on Google.
And of course, an authentic real-life experience. Learn all about the small group tours around the world, created to fit almost any style of travel.
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Matt Tso Reporter from The Hutt News
Commercial and trade businesses fear they will gain little from a levy they say is geared towards helping retail shops and cafes.
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