29 Sep 2017

NZ approach to Cooks Super called 'selective means testing'

From , 4:02 pm on 29 September 2017

A retired Cook Islands accountant says the New Zealand government is out of order requiring Cook Islanders to forfeit their National Superannuation Fund savings if they accept New Zealand Super.

New Zealand Super has been made portable and Cook Islanders who qualify can receive it in the islands.

But those who also belong to the Cook Islands National Superannuation Fund have been told they will face dollar for dollar deductions.

About 4,600 people are likely to be affected and Geoff Stoddart, who was once the head of inland revenue in the Cooks, told Don Wiseman New Zealand's Ministry of Social Development doesn't understand how the local scheme works.