The age of eligibility for New Zealand Superannuation (NZ Super) must remain unchanged at 65, according to the Retirement Commissioner Jane Wrightson.
And the threshold for getting the Accommodation Supplement should be amended to make more elderly people eligible for it.
These are two key recommendations put forward in Wrightson's 2022 Review of Retirement Income Policies, which was unveiled this week.
Raising the age of entitlement for NZ Super has often been politicised, Sir John Key said not on my watch, followed closely by Jacinda Arden, who said again, not on my watch. Historically, National Party has twice campaigned to gradually raise it to ease its long-term costs. And just this morning Leader of the National Party, Christopher Luxon, has committed to raising the age from 65 to 67.
One thing we are clear on, Wrightson believes the age of eligibility to access NZ Super should remain the same. Alternatively, if the age is raised then a more complicated system will need to be considered to reduce the inequity that a change to the qualifying age would bring.
“Any increase to the age of people accessing NZ Super will only further disadvantage women, Māori, and Pacific People,” she said.