The Herald reports:
The number of New Zealand retirees getting their superannuation while earning more than $100,000 has topped 30,000 – costing taxpayers more than half a billion dollars each year.
Figures released to RNZ’s Checkpoint show that number has nearly tripled over the past ten years – and doesn’t even include incomes through Kiwisaver, or other investment portfolios.
So we are spending $500 million a year on super payments to people earning more than $100,000 a year. That’s scandalous.
Think what you could achieve if you spent that money on lowering the cost of early childhood education or increasing the Pharmac budget?