Updates filtered by: Superannuation

New Zealand First’s objective is to preserve the entitlement of New Zealanders to retire and rec

Member's Bill: New Zealand Superannuation and Retirement Income (Pro Rata Entitlement) Amendment Bill

This Bill proposes a pro rata entitlement (PRE) to New Zealand Superannuation (NZS) based on residence and presence in New Zealand between the ages of 20 and 65 years; a period of 45 years, or 540 months.
Within the age period between 20 and 65 years, the Bill disregards up to 2 months’ overseas travel per calendar year. The Bill also exempts an aggregate period of 5 years’ absence for those whose rite of passage may cover their overseas experience, education and training (often bringing back exceptional skills), and, of course, the well-earned extended world cruise.