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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 ...
Additionally, an individual is required to have lived in New Zealand for a given time period after the age of 20, [21] and in particular to have lived in New Zealand for at least 5 years from the age of 50 to qualify for the Superannuation pension. [21] The exact amount of years required to have lived in New Zealand varies depending on an ...
The Ministry of Social Development (MSD; Māori: Te Manatū Whakahiato Ora) is the public service department of New Zealand charged with advising the New Zealand Government on social policy, and providing social services. MSD is the largest public service department, employing public servants in over 200 locations around New Zealand.
In 1898 the New Zealand government introduced a means-tested old-age pension for those 65 years and older. [12] This established some key features of public pensions in New Zealand, such as the use of general government spending rather than individual contributions, and a "pay as you go" rather than an actuarial approach to funding. [13]
The Domestic Purposes Benefit, or DPB, was first introduced in New Zealand in 1973 [2] by the country's Third Labour Government led by Prime Minister Norman Kirk. [2] The Destitute Persons Act 1910 and the Domestic Proceedings Act 1968 had previously created a statutory means by which a woman could seek a maintenance order against the father of her children.
New Zealand: Basic pension ... New Zealand: New Zealand Superannuation – public pensions; KiwiSaver – Private voluntary retirement contribution system;
The design of the proposed savings scheme and the referendum were a result of the coalition agreement between the National Party and New Zealand First following the 1996 general elections. The referendum was set up by the Compulsory Retirement Savings Scheme Referendum Act 1997.
The Treasury: monitoring of Housing New Zealand and the Tamaki Redevelopment Company. [3] The HUD is in charge of the Government's KiwiBuild scheme project. It also works closely with MBIE, MSD, the Treasury, Te Puni Kōkiri (Ministry of Māori Development), Housing New Zealand, and Corrections New Zealand. [5] [3]