The symptoms are well-known even to those who do not want to see them: absence of meritocracy, fat salaries, non-contributory pensions
, assorted generous benefits, over-staffing, a manger for every 10 to 14 workers, low productivity, highly-priced services that strangle the economy, suspicious investments, corruption, rivalry for positions and titles, and money-wasting on limousines and other ostentatious goods.
In its papers, the Department revealed in the past 10 years the number of people receiving contributory or non-contributory pensions
increased 115% to 420,000.
But it applauds an "explosion" of new tax-financed, non-contributory pensions
over the past two decades, which provide regular income for the very poorest.
Once Seddon had survived his marathon performance in parliament, the existence of a New Zealand model of non-contributory pensions
undoubtedly facilitated policy adoption elsewhere.
Similarly, there could be confusion as between State Contributory and Non-Contributory Pensions
. When the information is provided via the administrative database, such problems are minimised.
RBS non-contributory pensions
are fully guaranteed by the firm.
The old model of inflation-linked, non-contributory pensions
with retirement at 60 was not affordable in a world where life expectancy is now over 80.
The employed are not only being asked to carry the unemployed, but also to fund ridiculously over-indulgent, non-contributory pensions
for our politicians.
Evidence from Chile indicates that there is no negative effect on pension contributions even where other, older household members are receiving non-contributory pensions
. This may be because social assistance benefits for old age in Chile are low and thus do not act as a disincentive to saving among those of working age (Packard, 2002: p.