A very sensible idea from NZ First

NZ First have proposed a very sensible bill: Quote:

New Zealand could be a step closer to increasing the minimum residency required to get New Zealand Superannuation after a bill proposing an increase from 10 to 20 years was drawn from the parliamentary ballot.

New Zealand and Australia currently have the lowest residency requirements in the OECD at 10 years for eligibility to the state pension while the average across the OECD is 26 years.

But a bill put forward by New Zealand First MP Mark Patterson could change that, if it gains support from other political parties.

Patterson’s bill proposes raising the minimum residency from 10 to 20 years after the age of 20 – meaning a childhood spend in New Zealand would not count towards the qualification. End quote.

NZ Superannuation is supposed to be there for a lifetime of contribution, 10 years is far too short, so a move to 20 years would mean they’d at least contributed something towards their retirement in this country after 20 years.

This is a good bill proposed by NZ First. If National were smart they’d support it.


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