Means testing for NZ Super won’t be complicated and should be done, says Shamubeel Eaqub
Economist Shamubeel Eaqub argues that New Zealand should implement means testing for Superannuation to ensure fiscal sustainability. He contends that treating the pension as welfare is necessary given the rising costs of the program.
Why it matters
The debate over universal versus means-tested retirement benefits is a critical fiscal policy issue for aging populations worldwide.
Means testing eligibility for New Zealand Superannuation is “the thing we have to do” to address its astronomical and growing cost, according to one economist.
The article frames the argument through an economist who advocates for welfare-style reform, which is often a point of contention in fiscal policy debates.
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