NZ not only steals the CPF savings of Singaporeans but steals also the savings/contributory pensions of British, Irish, Germans, Dutch, Americans, etc., - all immigrants invited to NZ by the NZ Immigration Service with their lying slogan,"NZ, the right choice," and the dirty lie of Tourism NZ,"100% Pure NZ." - in reality, 'NZ, the WRONG choice" and "100% DIRTY" with "fucking useless MPs in Parliament screwing others, rather than their wives/husbands".
Paul Rea wrote on Facebook-
Immigrant Pensioners subsidising NZ Super!
Under Section 70 of the Social Securities Act 1964 the New Zealand Government deduct immigrant (and Kiwis who have worked overseas) pensions saying that if allowed to receive two State Pensions this would disadvantage ordinary Kiwis. This being the case, I checked just how many other countries State Pensions are transportable only to find in most cases they are not.
MSD (Ministry of Social Development) are fully aware of this fact and know that overseas non-contributory pensions ARE NOT exportable. The UK, Irish and numerous other countries’ pensions payable to New Zealand immigrant residents are contributory (meaning Occupational Retirement Savings Income) funded by Employee/Employer contributions with NO - I repeat NO Government input.
Given the information above that pensions paid to NZ immigrant residents are totally self-funded and not State Funded Pensions proves that the New Zealand Government (MSD) are knowingly stealing individual’s retirement savings. The question must now be asked, “are the New Zealand Government (MSD) Lawmakers or Lawbreakers?”
Theft defined in the dictionary is: ‘the act of stealing; specifically: the felonious taking and removing of personal property with intent to deprive the rightful owner of it’. Given this definition yes, the New Zealand Government (MSD) are lawbreakers because they are taking the personal property (in this case the overseas personal retirement savings funds of immigrants) and depriving them the use of it.
Theft is theft no matter which way you look at it and it has been allowed to continue unabated for too long. The time has come to expose this theft to the population of New Zealand and the world exposing those responsible for it – MSD and the Government of New Zealand.
No one is above the law including MSD and it is the responsibility of the Prime Minister and her Government to stop this theft continuing and to return all property (money) stolen to its rightful owners. They say there is honour among thieves let us see how honourable this Labour lead coalition Government is?
For anyone thinking of immigrating to New Zealand be warned, this is a country where immigrants are discriminated against and are means tested. With the current discussion on frozen pensions in the UK and Prime Minister Teressa May being asked to do the right thing for those pensioners who have chosen to retire overseas, now is the time to also clear up this injustice that is happening in New Zealand.
The NZ Government use the excuse that they have reciprocal agreements with other countries and despite being told by their own select committees that what they are doing is wrong, they continue to steal immigrant self-funded retirement savings. Even if a decision to end the freeze on overseas pensions is made it will not benefit those immigrant pensioners living in New Zealand. All that will happen is the New Zealand government will steal any increase in the UK self-funded pension and deduct it from the NZ Super.
New Zealand is the only country in the world that steals from pensioners to help subsidise their own pension scheme.
The now Prime Minister Jacinda Ardern while in opposition, is on record as saying that S70 is unfair, unjust and against human rights. She is now in a position to do something about it but has done nothing and allows this injustice to continue.
The Direct Deduction Policy, Section 70 of the Social Security Act 1964, has many flawed and unjust elements. While the Retirement Policy and Research Centre (RPRC) in New Zealand have long argued that they don’t want people to have access to two basic state pensions. There are many cases of overseas accumulated pension-savings equivalent to the NZ Kiwi Saver that does not affect the NZ Super. The issue with this policy (S70) is about making a judgment over what overseas pension schemes are similar to New Zealand’s and which are not. And that is where there seems to be real injustice in the way that the direct deduction policy works.
The only solution is for principled politicians to call a halt to this injustice and to create a level playing field for all New Zealanders not just some. Just as Prime Minister Jacinda Ardern improved the Niuean pensions overnight, she could abolish the S70 direct deduction policy immediately. Her clear grasp of social fairness should allow her to cut through the morass and allow common sense and decency to prevail.
S70 is the most toxic subject in the New Zealand parliament but until it is repealed Immigrant UK pensioners will continue to be victims many forced to live in poverty by the government of the country they chose to call home