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Investing In Your Future, Should Retirement Savings Be Compulsory?
Beginning of paper
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At the time of the 1996 Census, 12% of New Zealanders were aged 65 or over. This proportion is forecasted to increase dramatically when the “Baby Boom” generation reaches retirement age, with the prospect of superannuitant numbers and the cost of income maintenance doubling in the next 30 years. In the foreseeable future, women and p .... Middle of paper
.... Pensions
2.) Private and Occupational Pensions
3.) Private Investment and Savings.
Until 1898 New Zealand had no public pensions. The expectation was that immigrants would provide for themselves and their families was outlined in the Destitute Persons Ordinance Act of 1846 and subsequent Acts in 1877, 1883 and 1894. New Zealand was seen as a land of opportunity and the government focus was on getting individuals and famili ....
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Number of words: 602
Number of pages: 3 (approx. 250 words per double-spaced page)
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