If I belonged to Generations X or Y, I would not be angry at the prospect of having to wait another two years for super. But the Treasury's modelling indicates the cost of superannuation on current settings would be $40b a year by then, compared with $11b this year (net of the income tax superannuitants pay on their super). Despite these stark trends, the Government proposes to do five-eighths of not very much at all about superannuation entitlements. Instead, it talks about resuming contributions to the NZ Superannuation Fund sooner than the 2020-21 year the Government plans. Something between wage indexation and CPI indexation, however, might be an option.

Source: New Zealand Herald March 09, 2017 16:52 UTC