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BUDGET: Govt says National cost Super Fund $24.1 billion

Thursday 30th of May 2019

Over the next five years it plans to invest $9.6 billion into the NZ Super Fund, compared to the $11.6 billion which is prescribed to be contributed.

However, the government defends the lowering contribution, saying the previous National government cost the fund $24.1 billion in lost contributions and investment returns by stopping contributions between 2010 and 2017.

The Budget...

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