Keeping New Zealand's Superannuation at 65

The podcast episode explores the affordability of New Zealand's superannuation and the potential options for change. The retirement commissioner argues that, contrary to popular belief, the current setup of New Zealand's superannuation is affordable for the country. The simplicity and low administrative costs of the scheme are highlighted, with the paper stating that it costs only 0.003% to run. While the recommendation is to retain the age of eligibility at 65, other options, such as income testing, are discussed as potential ways to reduce costs and ensure fairness. However, income testing raises concerns about evasion and logistical challenges, highlighting the need for further analysis and discussion.