NZ First Moves to Restrict Pension to Citizens as Ageing Population Drives Up Costs
Treasury figures show increasing costs may see the pension eligibility age to rise from 65 to 72.
TL;DR
- New Zealand First leader Winston Peters announced a policy to restrict NZ Superannuation to citizens.
- The change would take effect in 2029, after a three-year grace period.
- Currently, non-citizens with a resident visa are eligible for NZ Super.
- The policy aims to address rising costs associated with an aging population.