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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 ...
Te Ara Ahunga Ora Retirement Commission (formerly Commission for Financial Capability), is a Crown entity under the New Zealand Crown Entities Act 2004. [1] The Commission provides financial education and information to residents of New Zealand, advises government on retirement income policy, and monitors the effectiveness of the Retirement Villages Act 2003.
[1] [12] National Superannuation was renamed New Zealand Superannuation in 1993. The age of eligibility became 61 in 1992, then gradually increased to 65 between 1993 and 2001. [12] [14] Those receiving New Zealand Superannuation can receive some subsidised goods and services through use of the SuperGold Card. [15]
New Zealand: New Zealand Superannuation Fund: 27: Non-commodity Ireland [49] [50] Ireland Strategic Investment Fund / Future Ireland Fund: 25.2: Non-commodity Chile: Economic and Social Stabilization Fund / Pension Reserve Fund: 21: Copper Bahrain [51] Mumtalakat Holding Company: 18.6: Oil & Gas Timor-Leste [52] Timor-Leste Petroleum Fund: 17 ...
Retirement plans may be set up by employers, insurance companies, the government, or other institutions such as employer associations or trade unions. Called retirement plans in the United States, they are commonly known as pension schemes in the United Kingdom and Ireland and superannuation plans (or super [3]) in Australia and New Zealand.
This page was last edited on 17 September 2019, at 02:43 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
Date of Royal assent Notes Reserve Bank of New Zealand (Economic Objective) Amendment Act 2023 2023/64: 19 December 2023 Fair Pay Agreements Act Repeal Act 2023 2023/65: 19 December 2023 Land Transport (Clean Vehicle Discount Scheme Repeal) Amendment Act 2023: 2023/66: 19 December 2023 Secondary Legislation Confirmation Act 2023 2023/67: 22 ...
The New regulation also stipulates that those affected by the change may voluntarily reduce their retirement age by up to 3 years if they have made the minimum length of pension payments, or delay their retirements by up to 3 years if permitted by the employer. The minimum pension payment period will also be increased from 15 years to 20 from 2030.
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