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Migrants face 20-year wait for pension


Cameron Burnell/Fairfax NZ
MPs considering the ‘Fair Residency’ bill have accepted it would be unfair on recent, older migrants to lift the period they must wait for NZ Super from 10 to 20 years without phasing it in over a number of years.
MPs have accepted it would be unfair to make older migrants already in New Zealand wait until they are in their 70s or 80s to get NZ Super.
The New Zealand Superannuation and Retirement Income (Fair Residency) Amendment Bill is being considered by MPs. There are concerns it is unfair that migrants can qualify for full NZ Super after just 10 years. ....

New Zealand , Sissi Stein Abel , Priyanca Radhakrishnan , Expenditure Select Committee , Green Party , New Zealand Superannuation , Retirement Income , Fair Residency , Amendment Bill , புதியது ஜீலாந்து , சீஸ்ஸி ஸ்டீன் ஏபெல் , செலவு தேர்ந்தெடுக்கவும் குழு , பச்சை கட்சி , புதியது ஜீலாந்து சுப்பெறன்ணுஅதிோன் , ஓய்வு வருமானம் , நியாயமான வதிவிடம் , திருத்தம் ர சி து ,

Pensioner loses $70,000 from NZ Super payments as overseas deduction policy once again raised in Parliament


Section 70 of the Social Security Act is used by MSD to deduct the value of some overseas “tier 2” pensions like Rea’s UK pension, built up through contributions made from people’s wages, to be deducted from their NZ Super payments, which its critics have long claimed is an abuse of the law.
Rea complained to the Ombudsman after MSD’s Benefits Review Committee (BRC) refused to hear his challenge to the deductions because he had failed to take it within the three-month window after the deductions began in 2013.
The NZ Super deductions policy allows the Ministry of Social Development to deduct the value of tier 2 overseas pensions recieved by superannuitants from their NZ Super payments. ....

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