This report aimed to identify ways in which New Zealand’s system of retirement income can remain socially, economically and politically sustainable for many decades to come.
This report to the Government arises from a triennial Review of retirement income policies, held during 2012 and 2013.
The overarching challenge faced by this Review, as with all those preceding, was to identify ways in which New Zealand’s system of retirement income can remain socially, economically and politically sustainable for many decades to come.
The document is structured as follows:
- The document begins with a brief outline (in section one) of the international context within which New Zealand’s retirement income policies operate. The purpose of this section is to show that developments in New Zealand’s policies do not happen in isolation, and that our policies are subject to some of the same pressures and trends that exist in other countries.
- Section two describes how New Zealand’s retirement income framework of policies and programmes has developed over time, and how it looks in 2013. This section seeks to bring readers up to date, so they can make sense of the following discussion of potential challenges and changes.
- Section three discusses future challenges and options for response, and includes recommendations throughout.
- Section four provides a summary list of recommendations.
- Appendix one discusses a particular issue: the direct deduction policy for international pensions.
- Appendices two, three and four provide background to the Review: terms of reference, a description of structure and process and a list of submissions received.