Overseas expert gives super fund tick
The entitlement side of the
equation is simple and straightforward, she says, but
the funding is a different story.
"It’s very clean, everyone gets it at
65, its very inclusive and its not means tested," she
says. "However its more complex on the financing side.
It’s still under funded."
The latest estimates show the
fund will pay for about 35% of the pension burden when
peak demand hits at around the year 2040.
"The costs of providing for New
Zealand superannuation are steep and the fund will
smooth some of that but there is still a large unfunded
liability." Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site. You will also be able to comment on articles on Good Returns.
