Golden Years - Understanding the New Zealand Superannuation Fund

Matthew Bell ()
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Matthew Bell: The Treasury, https://treasury.govt.nz/

No 21/01, Treasury Working Paper Series from New Zealand Treasury

Abstract: The New Zealand Superannuation Fund (NZSF) is one of New Zealand’s largest publicly-owned financial assets. Its primary purpose is to act as an inter- generational tax smoothing vehicle, in order to assist future taxpayers cover the cost of providing the public pension, New Zealand Superannuation (NZS). New Zealand’s ageing population structure will, in the absence of any changes to pension settings, lead to a significant lift in NZS expenditure as a percentage of gross domestic product (GDP) over the next few decades. The paper includes an explanation of the reasons behind why this demographic change is occurring and will continue to unfold over the foreseeable future. The paper contributes a comprehensive analysis of the NZSF’s role in New Zealand’s public finances.

Keywords: Single Equation Model; Financial Forecast; Old Age Assistance; Public Pension; Pay as You Go (search for similar items in EconPapers)
JEL-codes: C20 G17 H55 (search for similar items in EconPapers)
Pages: 74 pages
Date: 2021-06
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Persistent link: https://EconPapers.repec.org/RePEc:nzt:nztwps:21/01

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