New Zealand’s superannuation problem is something that constantly rears its head. 

Whether it’s abolishing MPs’ gold-plated super scheme, if we should introduce means testing, or heighten the retirement age – one thing’s always clear... our status quo is untenable. 

The annual cost of NZ Super has already risen from less than $20 billion in 2023 to $24.7b this financial year, and is forecast to pass $30b in 2030. 

Meanwhile, the annual superbill for older migrants has hit a billion dollars – five years after Parliament tightened eligibility. 

So, what are the real pressure points in the system and how politically realistic are any of the fixes? 

Today on The Front Page, Newstalk ZB political reporter Ethan Griffiths is with us to unpack the numbers, the politics, and what changes might actually be on the table.

Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts.

You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.

Host: Chelsea Daniels
Editor/Producer: Richard Martin
Producer: Jane Yee

New Zealand&rsquo;s superannuation problem is something that constantly rears its head.&nbsp;
Whether&nbsp;it&rsquo;s&nbsp;abolishing&nbsp;MPs&rsquo;&nbsp;gold-plated super scheme,&nbsp;if we should introduce means testing, or heighten the retirement age &ndash; one&nbsp;thing&rsquo;s&nbsp;always clear... our status quo is untenable.&nbsp;
The annual cost of NZ Super has already risen from less than $20 billion in 2023&nbsp;to $24.7b this financial&nbsp;year,&nbsp;and&nbsp;is forecast to pass $30b&nbsp;in 2030.&nbsp;
Meanwhile, the annual superbill for older migrants has hit a billion dollars &ndash; five years after Parliament tightened eligibility.&nbsp;
So, what are the real pressure points in the system and how politically realistic are any of the fixes?&nbsp;
Today on The Front Page, Newstalk ZB political reporter Ethan Griffiths is with us to unpack the numbers, the politics, and what changes might actually be on the table.
Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts.
You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.
Host: Chelsea Daniels Editor/Producer: Richard Martin Producer: Jane Yee

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Looking for actionable business insights all in one place? 
We're here to help you find a way with a curation of the &lsquo;best bits&rsquo; from top business podcasts. 
Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today.&nbsp;
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