Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Overseas Pension Holders Deserve Justice

Rt Hon Winston Peters

New Zealand First Leader
31 JULY 2014

Overseas Pension Holders Deserve Justice

New Zealand First considers New Zealand's treatment of overseas pensions a travesty, says New Zealand First Leader Rt Hon Winston Peters.

Despite a universal and non-means tested NZ Super, one segment of the eligible population are being penalised through Section 70 of the retirement legislation, says Mr Peters.

“These people who have worked in countries such as the UK, Netherlands, Canada and Germany and who have contributed to a state pension are being treated as second-class citizens in respect of entitlement to NZ Super.

“The current rules are unfair to a large number of superannuitants who have their contributory overseas pensions confiscated from their NZ Super.

“People arrive at retirement age with income and assets from a variety of sources. Why then is only one group being penalised, in terms of entitlement to NZ Super, because they have a state pension from certain countries?” says Mr Peters

Section 70 affects about 65,000 migrants, most of whom have lived and worked in New Zealand for up to 30 years. However, the fastest growing group are baby boomer Kiwis now applying for their NZ Super, who spent some years working overseas, he says.

“Take for example a successful Kiwi who spent 12 of his younger years working in Germany. During his OE, he contributed 9 per cent of his income to the compulsory German pension scheme. Other than these 12 years, he has spent his entire life working in New Zealand. Now his entire contributory German pension is confiscated from his NZ Super - an amount equivalent to 90 per cent of NZ Super.

“This case is typical of the selective and discriminatory legislation being applied to NZ Super.” says Mr Peters.

The National Government insists on a gross double standard, he says.

“New Zealand First has repeatedly highlighted the gross injustice of Section 70 compared to migrants from non-state-pension countries who get full NZ Super after just 10 years residency in New Zealand.

“Those who enter under parent reunion have no requirement to contribute to the economy. This is equivalent to a lump sum gift of about $400,000 over a person’s average life expectancy. And their private savings are not touched.

“New Zealand First will make fair treatment of overseas pensions a key issue in the upcoming election.

“Last year the government voted down a review of overseas pensions at the select committee stage. We will support a change to Section 70 which will give all those so adversely affected by Section 70 a fair outcome,” says Mr Peters.

New Zealand First has a dedicated email, section70@nzfirstparty.org.nz for those affected by the deduction of their overseas pension from NZ Super.

ENDS


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

TAIC: Final Report On Grounding Of MV Rena

The Transport Accident Investigation Commission (the Commission) concluded that the Rena grounding was not in any way attributable to the malfunction of any on-board machinery or equipment, including on-board navigational equipment. Factors that directly contributed to the grounding included the crew:

- not following standard good practice for planning and executing the voyage
- not following standard good practice for navigation watchkeeping
- not following standard good practice when taking over control of the ship. More>>

ALSO:

 
 

Parliament Adjourns:

Gordon Campbell:
On The Pakistan Schoolchildren Killings

The slaughter of the children in Pakistan is incomprehensibly awful. On the side, it has thrown a spotlight onto something that’s become a pop cultural meme. Fans of the Homeland TV series will be well aware of the collusion between sections of the Pakistan military/security establishment on one hand and sections of the Taliban of the other… More>>

ALSO:

Werewolf Satire:
The Politician’s Song

am a perfect picture of the modern politic-i-an:
I don’t precisely have a plan so much as an ambition;
‘Say what will sound most pleasant to the public’ is my main dictum:
And when in doubt attack someone who already is a victim More>>

ALSO:

Flight: Review Into Phillip Smith’s Escape Submitted To Government

The review follows an earlier operational review by the Department of Corrections and interim measures put in place by the Department shortly after prisoner Smith’s escape, and will inform the Government Inquiry currently underway. More>>

ALSO:

Intelligence: Inspector-General Accepts Apology For Leak Of Report

The Inspector-General of Intelligence and Security, Cheryl Gwyn, has accepted an unreserved apology from Hon Phil Goff MP for disclosing some of the contents of her recent Report into the Release of Information by the NZSIS in July and August 2011 to media prior to its publication. The Inspector-General will not take the matter any further. More>>

ALSO:

Drink: Alcohol Advertising Report Released

The report of the Ministerial Forum on Alcohol Advertising and Sponsorship has been released today, with Ministers noting that further work will be required on the feasibility and impact of the proposals. More>>

ALSO:

Other Report:

NSW Police Statement: Three Dead Following Martin Place Siege

About 2.10am (Tuesday 16 December), a confrontation occurred between police and a man who had taken a number of people hostage inside a café on Martin Place. Shots were fired during the confrontation. As a result, the 50-year-old man was pronounced dead after being taken to hospital. Another man, aged 34, and a woman, aged 38, were pronounced dead after being taken to hospital. More>>

ALSO:

Gordon Campbell: On The Sydney Siege (And DHB Budget Cuts)
Whenever the authorities bring a siege situation to an end, there will be criticism if – as has happened in Sydney – any hostages are seriously hurt, or killed... In the Sydney Morning Herald this morning, columnist Peter Hartcher raises a different point – that the initial public response had been noticeably different to the agitated reactions of politicians and the media. More>>

ALSO:

Leaked Cabinet Papers: Treasury Calls For Health Cuts

Leaked Cabinet papers that show that Government has been advised to cut the health budget by around $200 million is ringing alarm bells throughout the nursing and midwifery community. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news