Superannuation
   
Hon Michael Cullen
Minister of Finance

The Superannuation Debate

The Government began contributing to the future costs of New Zealand Superannuation in Budget 2001. $600 million was put aside

This site sets out why the Government believes it is important that New Zealanders also begin to save privately for their retirement.

NZ SUPERANNUATION ACT 2001 »»
The full text of the New Zealand Superannuation Act 2001 in Adobe Acrobat format  

KEY FACTS >>
The Fund is not intended to be a complete answer to income adequacy in retirement. It will provide for a basic standard of living, but New Zealanders should, if possible, save to augment their income.
Learn the facts behind this debate.
 

DR CULLEN'S CASEBOOK: The New Zealand Superannuation Bill >>
Superannuation - Your questions Answered.  

MEDIA STATEMENTS & SPEECHES
Appointees to nominate Super Fund guardians
Finance Minister Michael Cullen today announced the membership of an independent committee to nominate people for appointment to the Board of Guardians for the New Zealand Superannuation Fund.(17 October 2001)

Press release: Passage of Super Bill - A Big Day for NZ
"The passage of the New Zealand Superannuation Bill marks a big day for the Parliament, the Government and the country," Finance Minister Michael Cullen said. (10 October 2001)

Press release: Predictable, cynical and confused
"National's stance on New Zealand superannuation is predictable, cynical and confused," Finance Minister Michael Cullen... (16 July 01)

Press release: Happy to make super an election issue - Cullen
"The Government has always said that if we cannot get a majority in this Parliament for our superannuation policy, we will be more than happy to campaign on it in the 2002 elections"... (03 June 01)

Speech To Timaru Grey Power
".. we need to see Superannuation in the context of this Government's term of office, not something that is addressed in each specific budget." (31 May 01)

Speech To Super Summit 2001, Wellington
".. I intend to .. restate the high level policy objectives of the government with regard to superannuation, and to respond to some of the issues that have emerged in the public debate since the Super Bill was introduced." (22 May 01)

 

 

   

 
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