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The New Zealand Superannuation Fund (Māori: Te Kaitiaki Tahua Penihana Kaumātua o Aotearoa) is a sovereign wealth fund in New Zealand.New Zealand currently provides universal superannuation for people over 65 years of age and the purpose of the Fund is to partially pre-fund the future cost of the New Zealand Superannuation pension, which is expected to increase as a result of New Zealand's ...
While KiwiSaver remains completely voluntary, 2.15 million New Zealanders actively contributed to KiwiSaver schemes as of June 2013, equal to 56 percent of the country's population under 65. [17] [18] As of 1 December 2011, people may receive New Zealand Superannuation if they are: aged 65 or over; a New Zealand citizen or permanent resident
In 2017, while Chief Executive of the New Zealand Superannuation Fund, the size of his salary (almost $1 million) and his annual pay increase of 36 per cent caused controversy. [ 1 ] [ 7 ] Prime Minister Bill English and the State Services Commission objected to the increase, and English said the NZ Super Fund Board members who had approved the ...
Robert Muldoon, pictured in 1969. On 23 December, Prime Minister Muldoon issued another press release, Regardless of what any union groups might represent or how some employers might see the position, no employees would receive the benefit of employer contributions made to the New Zealand Superannuation Fund after December 15, said the Prime Minister and Minister of Finance, Mr Muldoon, today.
AMP Life is a superannuation, retirement investments and life insurance company based in Australia and New Zealand. It currently employs 1,000 people and manages $55 billion in funds for its 1.5 million [1] customers. [2] Its CEO is Megan Beer. [3]
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The Cabinet was announced on 24 November 2023 and consists of 20 members, 14 from the National Party, 3 from ACT and 3 from New Zealand First. Notable for being the first ever New Zealand government to have three parties in cabinet. A further five National MPs would sit outside of Cabinet, along with two ACT MPs and one NZ First MP. [273] [274]
Sweet 401(k) balances. The number of folks with $1 million or more saved in their 401(k) accounts jumped 20% from September to the end of December, according to Fidelity Investments.