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Retirement income policy review open for submissions

Retirement income policy review open for submissions

MEDIA RELEASE 16 April 2013
Kiwis can now have their say on issues affecting their retirement income, including the role of private saving and the sustainability of New Zealand Superannuation, as submissions for the Review of Retirement Income Policy are open.

Every three years the Commission for Financial Literacy and Retirement Income examines retirement income policies to assess their effectiveness and identify future issues. The resulting Review of Retirement Income Policy will be presented to government in late 2013.

Commission Research Manager Malcolm Menzies says public submissions on the terms of reference are an important part of the Review process.

“Retirement income policies need to be sustainable and fair for all New Zealanders. Giving Kiwis the opportunity to have their say is part of the process.

“The Review brings to the government’s attention emerging trends and developments that could affect retirement income policy. We have to decide now what future changes need to be made, so that Kiwis who retire in 30 or 40 years time have time to prepare,” he says.

“The Review’s terms of reference also include the role housing in retirement income, future retirement income prospects for women and the role of financial education and financial literacy.

“The submission process is an opportunity to be involved, and I encourage all those with an interest to make a submission. It’s easy to do via our website,” Dr Menzies says.

Making a submission
Submissions can be posted or sent via email to 2013review@cflri.org.nz . There is also an option to complete a short online form at http://www.cflri.org.nz/retirement-income/policy-reviews/2013-review/short-response-form. Submissions close on 31 May 2013.

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