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Investing In Your Future, Should Retirement Savings Be Compulsory? Beginning of Paper ? At the time of the 1996 Census, 12% of New Zealanders were aged 65 or over. This proportion is forecasted to increase dramatically when the “Baby Boom” generation reaches retirement age, with the prospect of superannuitant numbers and the cost of income maintenance doubling in .... Middle of Paper .... taxpayers, concerns about how public contributions to retirement are to be funded with an aging population. Providing for retirement in New Zealand can be grouped into three major categories. 1.) Public Pensions 2.) Private and Occupational Pensions 3.) Private Investment and Savings. Until 1898 New Zealand had no public pensions. The expectation was that immigrants would provide for themselves and their families was outlined in the Destitute Persons Ordinance Act of 1846 and subsequent Acts in 1877, 1883 and 1894. New Zealand was seen .... 602 words | 3 pages Subscription Length Price Join 30 days membership (recurring) $19.95 90 days membership (recurring) $39.95 180 days membership (non-recurring) $69.95