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.
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