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Thread ID: 125194	2012-06-13 00:32:00	Retirement Age	Bobh (5192)	PC World Chat

Post ID	Timestamp	Content	User
1281373	2012-06-13 00:32:00	It appears that there may be no increase in retirement age until 2020. As the baby boomers reach retirement age there is a requirement for more and more money to be found to provide pensions. Read here (www.nzherald.co.nz). "Today in New Zealand, for every four people in working age there will be one of pension age, three by the mid 2020s and only 2.4 in 2050." I see the best solution to be compulsory superannuation contributions so that we have a separate superannuation fund which provides for pensions. While I was in the Army I was required to contribute to the Government Superannuation Fund (for Government employees). I never missed the money coming out of my wages but now that I am getting annuities I am glad I was in the scheme. During the 1970s Labour introduced a compulsory superannuation scheme which was scrapped by Rob Muldoon's Government when they come into power.	Bobh (5192)
1281374	2012-06-13 00:39:00	Pay into some Government backed scam, I don't think so. It will be a cold day in hell before I pay into some fund that any government can pillage as its own personal piggy bank. And don't get my started on that rort they call Kiwi-Saver.	DeSade (984)
1281375	2012-06-13 00:57:00	The major problem with a government scheme is that no government of any color can be trusted to leave it alone. One would have to be rather naive to believe anything they say today will not be changed to the governments advantage at the drop of a hat. The notable exception being MPs retirement arrangements which is the only thing they never argue about.	CliveM (6007)
1281376	2012-06-13 00:59:00	I think that into the future it would be a given that retirement age would increase and/or it may become means tested for the largest component of it. One way or another, does it matter if it is a separate programme or a integrated one like they have now. Funds goes in and they make their way out. People could also organise their own scheme away from the govt.	Nomad (952)
1281377	2012-06-13 01:06:00	Hi Bobh, I am so very glad that my husband join the GSF when he was with the Post Office in those days. I get a portion of that fund now that I am widowed. It is not a huge amount, but has enabled me to have that little bit extra per month, without which I could not afford to keep my home. I also joined Kiwisaver when It started, I was 60, and will draw that out later in the year when I turn 65. It will be enough to get a new (used) car which I need. Cheers, LL	lakewoodlady (103)
1281378	2012-06-13 01:21:00	Hmmmm.... Government-run superannuation scheme, or Lotto? I think the latter is more likely to give you a better payoff....	johcar (6283)
1281379	2012-06-13 01:26:00	Actually the Labor one of the early 1970s was a good one. If it had been kept going we would not have this discussion now about the cost of retirement and age. Pity it's always been a subject that changes every time a gov is changed.	paulw (1826)
1281380	2012-06-13 01:52:00	Sadly I think that the 'Super' will have to be raised and sooner rather than later...makes sense. I too joined 'Kiwi Saver' and sadly the government can't leave it alone,they keep changing it,if I had my time again weekly Lotto tickets is a better idea.	ruup (1827)
1281381	2012-06-13 01:54:00	Yes every ones favourite JK and National just keep changing it to suit their own graphs	gary67 (56)
1281382	2012-06-13 02:07:00	Actually the Labor one of the early 1970s was a good one. If it had been kept going we would not have this discussion now about the cost of retirement and age. Pity it's always been a subject that changes every time a gov is changed. The big worry about Govt run schemes like that is what and where is the money going to be invested as we all know they are no good at backing winners.	mikebartnz (21)
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