In the Retirement Commissioner’s 2019 Review the highlighted message was “NZ Super is good value“. Recommendations followed three themes: (a) retain and complement the public pension, New Zealand Superannuation; (b) improve the stewardship of retirement income policies; and, (c) improve KiwiSaver, the main private retirement savings product.
Pensions
Reviewing NZ Retirement Income Policies
NZ Super works well, but increasing longevity puts Kiwis’ retirement savings at risk.
Retirement income policy reform: start with values, not cost
Superannuation is not just a cost problem. We should recognise that people hold strong views on the social value of retirement income and want stability, not reform.