After almost a decade of suspensions, the Government will resume repayments to the NZ Super Fund on Friday, albeit more slowly than its founder expected.
Set up by the previous Labour government in a bid to help smooth the looming rise in state pension costs, National ceased payments when it came into office, at the depths of the Global Financial Crisis.
Robertson confirmed in the half year economic and fiscal update that on Friday the Government would begin payments to the fund. A total of $500 million will be paid into the fund in the current fiscal year. The fund currently manages around $35 billion in assets.
“This isn’t a policy about tomorrow, or next year, or even the next decade; it’s about investing responsibly to enhance the long-term wellbeing of New Zealanders,” Robertson said.
from Ellie NZ Rss http://www.stuff.co.nz/business/industries/99840666/Government-will-start-paying-into-the-NZ-Super-Fund-on-Friday
from
https://ellieplume83.wordpress.com/2017/12/14/government-will-start-paying-into-the-nz-super-fund-on-friday/
No comments:
Post a Comment