NZS 1995 New Zealand standard code of practice for the design of concrete structures (NZS 3101).
c] in MPa, and d in mm(d > 300 mm) NZS (1995) [v.
The 10% increase in earned incomes of all 45-75 year old individuals has a very limited impact on the extent of tax-funding of NZS (top lines; left-hand axis).
There is also a small reduction in the share of income tax revenue contributed from NZS pensions: this falls from 9.
Finally, it might be suggested that, with migration playing an important role in New Zealand's labour market, the rising cost of NZS could be partly offset by increased immigration.
This paper discusses the issues connected with the partial pre-funding of NZS, or indeed any long-term government expenditure, in the context of the government's overall budget and risk management.
As with many other developed countries, the net cost of NZS will about double from its current 4.
When the NZSF was established, the government described the change to the financing of NZS as a 'smoothed pay as you go' way of providing for NZS rather than the pure PAYG system that has been used to support the elderly for more than 100 years (see for example Cullen, 2000a).
The younger partner may continue earning an income, which can affect the value of NZS received by the retired partner.
Literally, this means that these households should either draw down their current wealth before retirement or borrow against their NZS income to supplement their current consumption, which is hardly feasible in practice.
5) This shows the extent to which NZS
replaces the income people received before retirement, in percentage terms (Periodic Report Group 2003: 22).
Grant Osborne, Search and Strategy Director for First Rate backs up NZS