Ministry of Social Development and Department of Labour (2002) Evaluating the February 1999 Domestic Purposes Benefit and Widows Benefit
Reforms: Summary of Key Findings, Ministry of Social Development and Department of Labour, Wellington, February.
She said they were concerned about means testing for incapacity benefit, widows benefit
and, in many cases, the basic state pension.
Benefit at entry Per cent with Per cent Percentage- continuous with continuous point receipt of receipt of difference first observed first observed benefit or other benefits Invalids Benefit 55 58 3 Sickness Benefit 3 15 12 Unemployment Benefit 1 3 2 Training Benefit 0 3 3 Domestic Purposes Benefit 22 26 4 Widows Benefit 32 39 7 All 4 8 4
Benefit at entry % benefit weeks % benefit accounted for weeks accounted by the 20% with for by the 40% the shortest with the shortest durations durations Invalids Benefit 6 25 Sickness Benefit 2 11 Unemployment Benefit 2 8 Training Benefit 3 14 Domestic Purposes Benefit 5 19 Widows Benefit 4 18 All 2 9
I am due to retire soon and have been advised by them that my fund can either provide a single life pension and/or widows benefits
But to afford a pounds 20,000 index-linked pensions with widows benefits through buying an annuity, an employer would have to have a pension fund of pounds 380,000.
83 a month if they did not want an index-linked pension of widows benefits.
As I am now a widower approaching retirement age, I have been advised by them that my fund can provide a single life pension and/or widows benefits