The $30b time bomb facing the next Govt
New Zealand’s superannuation problem is something that constantly rears its head.
Whether it’s abolishing MPs’ gold-plated super scheme, if we should introduce means testing, or heighten the retirement age – one thing’s always clear... our status quo is untenable.
The annual cost of NZ Super has already risen from less than $20 billion in 2023 to $24.7b this financial year, and is forecast to pass $30b in 2030.
Meanwhile, the annual superbill for older migrants has hit a billion dollars – five years after Parliament tightened eligibility.
So, what are the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.