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Bill Stops Automatic Eligibility to NZ Super

Bill Stops Automatic Eligibility to NZ Super

With New Zealand’s population ageing as revealed in recent population statistics, it’s time to review residence eligibility to NZ Super without altering age eligibility and universality, and without means testing, says New Zealand First.

“The growth of the older age group has significant risks for the country, boosted by unchecked immigration,” says New Zealand First MP Denis O’Rourke.

Mr O’Rourke’s private member’s bill, the NZ Superannuation (Pro Rata Entitlement) Amendment Bill, will be considered by parliament today.

“Now is the time to adjust eligibility to NZ Super based on residence in New Zealand over a working lifetime.

“A person only has to be resident in New Zealand for 10 years to receive the pension at the age of 65. They do not have to contribute to the economy and receive the same amount as a Kiwi who has lived and worked here all their life.

“The Bill proposes a fairer system with pension entitlement based on the years a person has lived in the country, and people who have earned an overseas pension would not have it deducted from their NZ Super as happens now under section 70 of the Social Security Act 1964.

“With the pension costing almost $450,000, based on average life expectancy after the age of 65, the drain on NZ Super by such generous residence eligibility must be checked.

“The bill is a crucial opportunity for all political parties to look at the future of NZ Super - a nightmare for Prime Minister John Key who steadfastly refuses to discuss population growth and the future of NZ Super. But it his government that has pulled out of contributing to the Cullen Fund, designed as a cushion for future NZ Super demand,” says Mr O’Rourke.

ENDS


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