NZ has one of least generous pensions in OECD
New Zealand has one of the least generous pensions relative to the working wage, according to research by the Organisation for Economic Co-operation and Development (OECD).
Retirees in the Netherlands receive more than 100% of their country’s average working wage but Kiwi superannuitants get just 43% – ranking it 6th worst equal with Australia.
But it could be worse.
Pensioners in the United Kingdom get just 29% of the average working wage and those living in South Africa, which is not in the OECD, get just 17%.
The average across the OECD was 63%.
Read More: Otago Daily Times
