Talk on financial safety

The first public meeting of 2019  will be on March 21 2019. It is being hosted by the speaker at the Wellington Club, 88 the Terrace.The speaker will be Cassandra Smith from MasterCard, and she will speak about safety with cards and electronic payments. The meeting will start at 10am. We look forward to seeing you there. Please note that though parking on the terrace is difficult the bus that runs to Victoria University runs along the Terrace. The Wellington Club is virtually opposite the top end of Woodward St

AGM followed by talk by Grant Robertson

We are please to announce the the AGM  of Wellington Central Greypower will be on  27 April 2019 at the Wellington Central Library, Mezzanine Floor room, starting at 2pm. Grant Robertson will be the speaker. We look forward to seeing you there.

Spousal deduction petition

Tauranga & BOP Grey Power are lobbying for a change where people in a relationship with a person from some countries may lose part or all of their super. Our branch has reservations about the petition but if you want more information and/or to sign go here. The closing date is 28 February (was 31 January, now extended).

Are you eligible for back door rubbish & recycling collection?

From the Wellington City Council:

I thought I would let you know about our backdoor rubbish and recycling collection. This service is for people with a disability or health condition that prevents them from taking rubbish and recycling to the kerbside and don’t have anyone else available who can help.  Depending on the financial situation of the person, this may be provided free of charge.

We have been offering this service for some time, but the income threshold has now been updated, which may mean some people qualify for the free service, who did not previously qualify.

For more information go to: https://wellington.govt.nz/services/environment-and-waste/rubbish-and-recycling/collection-days/back-door-collection

Kiwibank closing in Petone and Johnsonville

From Kiwibank:
“The purpose of this email is to provide you with early notification that we’re making changes to some NZ Post and Kiwibank branches in the Wellington region.

In response to increasing numbers of customers accessing banking services in different ways, Kiwibank has decided to create a standalone Kiwibank branch in Lower Hutt and withdraw services from our Johnsonville and Petone branches.

We regularly review our locations, looking at two things; firstly, the number of customers using the services in the region and secondly, other available Kiwibank services in close proximity. Unfortunately, we’re unable to sustain a presence in Johnsonville and Petone.

To meet the needs of our customers in the Wellington region, we’ve invested in standalone branches in Kilbirnie, Lambton Quay, Manners Street and now Lower Hutt. These standalone branches create an environment for a more specialised banking service, an innovative customer experience and a sustainable brand presence in Wellington.

New Zealand Post will remain in the area and is seeking a local business to deliver postal and bill payment services. Until a postal partner is secured the branch will continue to operate as usual.”

Peter Harris on NZ super

See a paper written by Peter Harris CMinstD FRICS in:   
https://www.cffc.org.nz/assets/Documents/RI-Review-2013-History-of-NZ-Retirement-Income-Harris.pdf

This is a (very) brief extract from that paper:

4.9  As others see us…

American academic Kent Weaver has produced a “hypothetical report card” on New Zealand’s retirement income system.

The highest mark (A) is given to the “administrative effectiveness and cost of NZS”.  “Exposure to market risk” rates an A-, which is possibly why “poverty prevention” also rates highly at B+.

“Income replacement” is given a C, which in light of the Cullen comments (quoted earlier in the paper), would be seen as a good grade!

The fail grade (D), is “exposure to political risk”.  This paper argues that on the historical record that risk – at least for the first pillar – has been more theoretical than actual.

On the other hand, the record shows that the political risk around support for second and third pillar savings is very real.

5.0  Conclusion

New Zealand’s retirement income policy history has steadfastly avoided both compulsory individual contribution and any attempt by the government to replicate in retirement incomes that which people earned during working life.  State guarantees of returns to private savings have been limited and are now historical. State subsidies of private savings have never been extensive. “Needs based” policies and programmes–like health, disability and housing support and provision of residential age care facilities – have lifted the pressure on the need to generate more substantial retirement income “in case”.

The universal pension has meant that overall, elder poverty is confined, and lower than that of the population as a whole.  Inflation and longevity risk have been collectivised, so the regime is relatively advantageous for women.

It is generally seen to be equitable, effective and cost-efficient.  The durability of the basic settings implies a high degree of public acceptability.  Whether these historic settings are financially sustainable remains the major matter for policy makers to determine.

Pensions: here, there, and what’s ahead?

How does our pension system compare with those elsewhere?  And what changes have there been? Kent Weaver, an international expert on pensions, spoke mid-August 2018 at the Wellington Law School.  His summary: lots of change, but most things stay the same. New Zealand has become an outlier for its non-contributory (well, not a direct contribution), universal, and flat rate scheme.  Some countries had elements of these but most have moved to a mixture of means testing, contributory, non-flat rate, and other schemes, usually as a result of financial cutbacks.

New Zealand has had no real changes since 2001, so the question is why?  Kent suggested there were a few factors. First off was the collective trauma of the 1990s, which politicians are very reluctant to repeat.  Then there is MMP, which makes collective action by parties to agree on unpopular measures very difficult, mainly because of the numbers of parties.  And of course Grey Power! Kent also talked about there being “windows” for the introduction of big changes, which NZ has probably missed. There’s also the factor that the NZ birth rate has not fallen as much as a lot of countries.  Perhaps the biggest barrier to change is the universal and uniform nature of the pension: it creates a big constituency that would fight against cutbacks. Politicians like to deal with crises by doing unpopular stuff in less visible areas (eg the Kiwisaver contribution cutbacks by the last government), and the present system doesn’t have many edges.

Possible changes?  Kent thought there seemed little official appetite for changing the qualifying period for full pension (currently 10 years) though I do notice there’s a proposed Bill to up this figure.  My thoughts are that the 1990s trauma will gradually fade from memory, and Winston must leave the stage sooner or later, but even so it will be hard (but not impossible) for any government to make changes in this area.                 By Owen Watson

Grey Power NZ: some history

Grey Power is a voluntary organisation founded in February 1986 by a group of angry superannuitants protesting against the imposition of a surcharge on New Zealand Superannuation.  First started as the Auckland Superannuitants Association, the founders were very vocal in their anger at the surcharge. At that time, there was a media campaign against the Government of the day, so meetings were well publicised and attracted a media presence which meant the movement quickly spread and further Associations joined up in other areas.  The protest gained momentum and the surcharge was abolished.

The individual Grey Power Associations are all duly Incorporated Societies under their own right and together they form the Grey Power New Zealand Federation Inc: the National body of some 74 Associations throughout the country with a combined membership fluctuating up to 90,000 members.  The Federation’s primary source of funding is by capitation fee, payable by member Associations for each subscription they receive and have added to the central database. Membership subscriptions are taken by the local Associations and many Associations issue regular newsletters, and hold meetings with guest speakers.  Quarterly, the Federation publishes and provides to each financial Household, a 24/28 page tabloid type magazine.

Grey Power as a whole is an advocacy group.  Grey Power now work in all matters pertaining to NZ Superannuation, as well as in the areas of the Super Gold Card, Aged Care and Retirement Villages, Energy, Health and ACC, International treaties, Law and Order, Emergency Management, Transport, Local Bodies and Housing, Retirement Income and Taxation, Social Services and Telecommunications.  These areas of importance are allotted to Board subcommittees as National Advisory Groups. Each “NAGs” responsibility is to progress the aims and objectives of Grey Power.

Grey Power continue to meet and lobby politicians who have the power to determine our future living standards.

Pensioners create web series finding humour in challenges of old age

Caroline Williams – Stuff

A group of north Auckland pensioners is creating a web series that mines the rich humour of the stage of life where “shame is left behind”.

Whether attending funerals, arguing over card games or competing at the gym, The Dusketeers addressed the challenges of ageing with humour.

“It develops. We get ideas as we go along,” said Carolyn Williamson, who plays Fleur.

The series covered the troubles, love and adventures experienced by the three heroines who live in the same retirement village.

“We are an elderly group and it felt important that we do it within our experience,” said Cynthia Green, who portrays Molly. “That’s our point of difference.”

“We’re trying to show the different characters that live in a retirement village,” said Christine Doorman, who portrays Dot.

Read more: https://www.stuff.co.nz/auckland/107652922/Pensioners-create-web-series-finding-humour-in-challenge

It’s true – cats really DO talk to us!

In fact, research from the University of Georgia found that cats are just as expressive as dogs.  It’s just that most of us have no idea what they’re trying to say.  So, here’s a quick lesson in cat communication:

According to the researchers, purring means “Please stay!”  Because cats purr when they’re happy, AND when they’re sick or injured.

So what is your cat trying to say when you get home and they rub against your leg?  That’s your cat’s way of saying, “Welcome home friend!” It’s a behaviour cats exhibit in the wild. After a hunt and feeding, cats will come back together and rub against each other as a way of saying, “Ah yes, we are reunited at last!”  And they’ve translated that behaviour from something within their own species to a way to relate with humans.

Finally, if your cat meows – he’s trying to get your attention.  Because other studies show that adult cats ONLY meow around humans. They don’t meow to communicate with their fellow felines – unless they’re feral and in heat or fighting.

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