Faces of the Great New Zealand Pension Rip-Off (1.1): Long Version

Описание: Jan, a born-and-bred New Zealander, does not receive a cent of NZ Super, New Zealand's residency-based state pension, because she has worked in Germany for 23 years. There she and her employer made significant contributions to the German retirement scheme. She tells how the New Zealand government abuses overseas retirement schemes in order to fund NZ Super.

In this video series victims of the Direct Deduction Policy tell how the New Zealand government rips off immigrants and returning Kiwis, once they turn 65.

The New Zealand government claims that the country's tax-funded pension (NZ Super) is universal and everybody is entitled to it who has LIVED in New Zealand for ten years between age 20 and 65, five of which after age 50. No need to ever have worked, just breathed New Zealand air.

But this is not true for everyone. It is not true for people who - through employer/employee-funded contributions - have paid into compulsory retirement schemes overseas. Their work-related overseas pensions are deducted from the residency-based NZ Super dollar-for-dollar, although they only represent the years worked overseas and are by no means a full pension, and definitely not a state pension like NZ Super.

Many of these pensioners do not receive a cent of NZ Super after living and working in New Zealand for 20+ years, and many of them suffering significant deductions after living, working and paying taxes here for 40 and more years. At the same time Kiwi millionaires who do not need it, people who have not worked a minute in their lives or spent many years in prison, receive full NZ Super.

Immigrants and returning Kiwis are paying for New Zealanders' pensions through their taxes but receive nothing in return, except insults ("double-dippers"), unfair, discriminatory treatment and injustice.

All this is possible because the New Zealand government has made this appropriation of personal property (that's the status of contributory pensions in many overseas countries) legal with Sections 187- 191 (formerly S. 70) of the Social Security Act. This has been going on since 1938, a prehistoric law not changed in more than 80 years, and all this in a world of mobility and globalisation. This daylight robbery that saves the NZ government about half a billion NZ$ in NZ Super payments annually, at the cost of the mental and physical health of more than 100,000 often impoverished pensioners, has to stop!

More information on: www.nzpensionprotest.com