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.
NZ Super works well, but increasing longevity puts Kiwis’ retirement savings at risk.
This post updates data for New Zealand. It shows how much the rate of improvement in mortality has slowed in the years 2010-2018 compared to 2000-2010.