When pay stops
DESPITE the wobbly nature of New Zealand's coalition government, it proposed a new pensions plan last week that was bound to be controversial. In essence, the goverment aims to replace state pensions with a compulsory private scheme. New Zealanders are due to vote on it in a referendum in September. As things stand, it seems likely they will turn it down.
This article appeared in the Asia section of the print edition under the headline “When pay stops”
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