New Zealand's pension system ranks poorly in income adequacy, particularly for women.

New Zealand's pension system ranks poorly in income adequacy, especially for women, according to a Mercer NZ report. The country received a B overall, primarily due to its universal NZ Super pension. Women face significant challenges, including lower pay and career breaks, leading to a 25% lower KiwiSaver balance than men. The Women's Rights Party advocates for measures like pay equity and contributions during maternity leave to improve retirement outcomes for women.

October 17, 2024
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