Superannuation bill for older migrants reaches $1 billion annually
New Zealand's annual superannuation cost for older migrants has topped $1 billion, five years after Parliament tightened eligibility rules.
The superannuation bill for older migrants has reached $1 billion per year. This milestone comes five years after Parliament introduced changes to tighten eligibility requirements for the benefit.
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Newstalk ZB
Super bill for older migrants tops $1 billion a year, doubles in a decade
The annual superannuation bill for older migrants has hit a billion dollars – five years after Parliament tightened eligibility.