RPRC Debate: Paying for New Zealand Superannuation - SAYGO or PAYGO? Does it matter? 
(All events, Research centres and groups, Retirement Policy and Research Centre)
26 June 2012
4pm - 5.30pm
Venue: The University of Auckland Business School, Decima Glenn Room, Level 3, Owen G Glenn Building, 12 Grafton Road, Auckland
Host: Retirement Policy and Research Centre
Cost: No charge
Abstract:
The amount spent on New Zealand Superannuation is forecast to double in the next forty years. Should New Zealand start to prepare financially for these higher costs? Some say the government should be emulating private behaviour by setting aside financial assets that can be used to help pay for NZS. Making a difference would need a much larger New Zealand Superannuation Fund than currently allowed for, even if contributions resume in 2019. This is called "Save As You Go" (SAYGO) funding and contrasts with "Pay As You Go" funding that is largely what happens now.
There will be an opportunity for questions and discussion. Refreshments will be served at the end of the discussion.
Background information:
- Andrew Coleman’s 2011 paper, Mandatory Retirement Income Schemes, Saving Incentives and KiwiSaver is reviewed on the PensionReforms website.
- The RPRC’s PensionBriefing 2011-2, Updating the NZSF investment performance numbers to 30 June 2011, looked at whether the current NZSF had actually achieved anything in its first seven years. Read the 2011-2 Pensionbriefing document.
New publications:
- RPRC’s latest publication by M Claire Dale and Susan St John, “New Zealand’s Overseas Pensions Policy: Enduring Anomalies and Inequities”, is in the May 2012 issue of Policy Quarterly, Institute of Policy Studies. Read the paper.
- Press release, "Anomalies in overseas pensions policy need fixing”. The Retirement Policy and Research Centre says it is time to address some injustices and implement changes in the treatment of overseas age pensions that have been recommended by the Ministry of Social Development and the Retirement Commissioner. Read the press release document.
Presentations
Copies of presentations by Dr Andrew Coleman, Associate Professor Susan St John and Michael Littlewood are available to view in PDF format from the Other publications database by Publication type: Papers and presentations.
View copies of the SAYGO versus PAYGO presentations
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