There is no ambiguity whatsoever on the part of New Zealand
First when it comes to superannuation entitlement, says List
MP Mark Patterson.
The New Zealand Taxpayers' Union says
savers deserve to know what plans politicians have for
superannuation in light of a new report from think-tank The
New Zealand Initiative which warns that maintaining the age
of eligibility at 65 will come at an increasing cost as the
population ages.
NZ First policy on NZ Super has always
been consistent; that NZ Super remains a universal
entitlement at age 65 with no means-testing for all New
Zealand residents.
“However, I have a Member’s Bill
before Parliament which proposes increasing the residency
requirement for full NZ Super from the current 10 years to
20 years of residency after age 20.”
While other
parties have toyed with raising the age and means testing,
only NZ First has addressed the residency issue. BERL has
estimated that changing the residency requirement to 20
years would generate savings of more than $80 million in the
first year alone.
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