New Zealand Superannuation Fund
- New Zealand Superannuation Fund
- A New Zealand government fund established in response to the projected increase in the cost of funding the New Zealand Superannuation (NZS) - the retirement benefit paid to all eligible citizens aged 65 and over - due to the country's aging population.
The fund was established in 2001 and is governed by a separate Crown entity called the Guardians of New Zealand Superannuation, which is overseen by a board selected by New Zealand's Ministry of Finance. It is a funded on a "pay as you go" basis, which means that the cost of paying NZS in any given year is paid from the taxes levied on incomes of the working population in that year. The fund's assets totaled $15.8 billion by May 2010, and its size is not projected to peak until 2056.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
New Zealand Superannuation Fund — The New Zealand Superannuation Fund is a sovereign wealth fund in New Zealand. New Zealand currently provides universal superannuation for people over 65 years of age and the purpose of the Fund is to partially pre fund the future cost of the New … Wikipedia
New Zealand Listener Power List — The New Zealand Listener Power List is a list of the most powerful people in New Zealand, compiled annually by the New Zealand Listener from 2004 to 2009. From 2004 to 2007, the list covered the 50 most powerful people without separating them by… … Wikipedia
New Zealand — New Zealander. /zee leuhnd/ a country in the S Pacific, SE of Australia, consisting of North Island, South Island, and adjacent small islands: a member of the Commonwealth of Nations. 3,587,275; 103,416 sq. mi. (267,845 sq. km). Cap.: Wellington … Universalium
New Zealand Symphony Orchestra — Genres Classical Occupations Symphony orchestra Years active 1946 present Website http://www.nzso.co.nz The … Wikipedia
New Zealand Historic Places Trust — logo Purpose/focus Protecting heritage buildings in New Zealand Headquarters … Wikipedia
New Zealand Lotteries Commission — The NZ Lotteries logo Agency overview Formed 1986 Headquarters Wellington … Wikipedia
New Zealand Film Commission — The New Zealand Film Commission (NZFC, Te Tumu Whakaata Taonga in Maori) is a New Zealand government agency formed to assist with creating and promoting New Zealand films. It was established under the New Zealand Film Commission Act 1978 (as… … Wikipedia
Public sector organisations in New Zealand — New Zealand This article is part of the series: Politics and government of New Zealand Constitution … Wikipedia
New Zealand Cadet Forces — The New Zealand Cadet Forces (NZCF or Cadet Forces) is a voluntary military training organisation for youth. Run in a partnership between the Ministry of Defence, New Zealand Defence Force (NZDF / DF) and a number of appointed community… … Wikipedia
Creative New Zealand — The Arts Council of New Zealand Toi Aotearoa (Creative New Zealand) (previously the Queen Elizabeth II Arts Council[1]) is the national arts development agency of the New Zealand government, investing in artists and arts organisations, offering… … Wikipedia
