KiwiSaver

Bill English has some fundamental questions for Michael Cullen

Wednesday 18th of October 2000

The facts

  • To cope with the bulge in superannuation as the baby-boomers retire, the Government proposes to put away money in advance.
  • Governments would set aside about 1.8% of GDP – about $2 billion in today's terms – until 2010, and declining amounts after that.
  • The value of the fund would peak at a...
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