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Viewing entries tagged with 'Maxwell'

Maxwell on the future of funding super

30 December 2016

Diane Maxwell: The cost of NZ Super is growing faster than GDP. Today NZ Super costs $30m a day. In 20 years, it will rise to $98m a day. With an optimistic lens we can say that Super will remain low as a proportion of GDP, relative to many OECD countries, but the argument ignores the other government costs that will increase, including health and aged care. Stuff.co.nz.  More>

Maxwell: 'Make immigrants wait for Super'

19 December 2016

Maxwell, who has a statutory duty to advise Parliament every three years on retirement income policy, thinks people should have 25 years as an "ordinary resident" in New Zealand after the age of 20 before they qualify for NZ Super, though they would qualify for emergency benefits if they fell on hard times before that. Stuff.co.nz. More>

Retirement commissioner calls for Super changes

16 December 2016

The Commission for Financial Capability has called on the Government to make sweeping changes to the eligibility criteria for NZ Super in the second phase of its 2016 Review of Retirement Income Policies. Goodreturns.co.nz. More>

NZ Super 'has long-term future'

16 December 2016

These days many seem to believe NZ Super is a millstone around taxpayers' neck, or a luxury we can't afford. It's neither. It's a marvel. Stuff.co.nz. More>

Kiwisaver suspension not a "holiday"

12 December 2016

The right to suspend payments to KiwiSaver schemes should be reduced from five years to one and the so-called ‘contributions holiday’ should be renamed a ‘savings suspension’ to “remove the positive connection... Businessdesk.co.nz. More>

Ageism threat to retirement

12 December 2016

Retirement Commissioner Diane Maxwell is calling for measures to tackle ageism before raising the age NZ Super is paid from to 67. Stuff.co.nz. More>

NZ Super Fund: the future?

7 December 2016

Terry Baucher wonders if it is time to look again at the funding of superannuation and gathers some of the facts and figures. Interest.co.nz. More>

Retirement Commissioner mocks policy failure

2 December 2016

The retirement commissioner has broken with staid civil service tradition by releasing a mockumentary-style teaser trailer to publicise the release of her three-yearly retirement policy recommendations. Stuff.co.nz. More>

ACT wants NZ Super debate

25 November 2016

ACT is calling for a debate over the sustainability of New Zealand Superannuation. "Politicians must take Treasury’s long term position report seriously for young New Zealanders." Scoop.co.nz.  More>

Diane Maxwell on making NZ Super sustainable

19 August 2016

The Retirement Commissioner warns New Zealand Superannuation isn’t sustainable in its current form, so we need to prepare for change. Diane Maxwell says it’s inevitable the period of time you need to have lived in New Zealand to receive Super, as well as the age of eligibility, will need to be pushed out.