Current projects for retirement income policy

 

The Commission’s current projects include its three-yearly review of the retirement income policies being implemented by the Government. We have also commissioned research into women’s retirement income prospects and are developing a series of position papers on various aspects of retirement income policy.

Review of retirement income policy

The New Zealand Superannuation and Retirement Income Act requires the Retirement Commissioner to review the retirement income policies being implemented by the Government at three yearly intervals.

The most recent retirement income policy review report was released in December 2010 and we are now working on the 2013 review. The review process involves consultation, submissions, research and analysis, and culminates in a comprehensive report.

Find out more about the 2013 review of retirement income policy including the timeline, terms of reference, who is involved, submissions and the research being undertaken.

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Retirement income policy position papers

New Zealand has chosen a unique policy mix which is often admired by other countries. While this mix may change over time, overall policy needs to remain sustainable. Future costs need to be manageable and it is important to have a broad public consensus about policy directions.

To help promote debate, understanding and consensus on New Zealand’s retirement income policy, we are publishing a series of position papers. Each position paper explains one of the objectives of retirement income policy and sets out the Commission’s view. A final paper in the series will discuss how to ensure the sustainability of New Zealand’s retirement income policy.

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Women’s retirement income prospects

As part of the review of retirement income policy, we are conducting research into the factors influencing women’s future retirement income prospects. We are working with the Treasury and Ministry of Women’s Affairs to test the ten factors we think most likely to carry risks of negative impact on women’s financial wellbeing in retirement.

We anticipate that the results of this work will contribute to the recommendations of the 2013 review.

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