Retirement Commission

Infobox Government agency
agency_name = Retirement Commission
nativename_r = Whiriwhiria!
logo =
logo_width = 140 px
logo_caption =


seal_width =
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formed = 1995
preceding1 =
dissolved =
superseding =
jurisdiction =
headquarters = Level 3, 69-71 The Terrace , Wellington, New Zealand
employees =
budget = $5.6m
minister1_name =
minister1_pfo = Social Development and Employment
minister2_name =
minister2_pfo =
chief1_name = Diana Crossan
chief1_position = Retirement Commisisoner
chief2_name = David Fesslier
chief2_position = Executive Director
parent_agency =
child1_agency =
website = http://www.retirement.org.nz/
footnotes =The Retirement Commission (more formally “the Office of the Retirement Commissioner”) is a Crown Entity under the New Zealand Crown Entities Act 2004 [ [http://unpan1.un.org/intradoc/groups/public/documents/APCITY/UNPAN022162.pdf Schedule 1 of the Act defines the Retirement Commission as an autonomous Crown entity] ] .

The stated purpose of the Retirement Commission is to provide retirement and savings advice to the public, policy advice to the government and, since 2003, to monitor the effects of the Retirement Villages Act 2003, administering the disputes process and approving adjudicators for appointment to a disputes panel.

History

The first Retirement Commissioner was Colin Blair, appointed in 1995 http://www.ootrc.govt.nz/about_us.html ] . He was succeeded by Diana Crossan in 2002 [ http://www.beehive.govt.nz/release/retirement+commissioner+and+periodic+report+group+appointed ] .

Operations

The Commission now operates under the NZ Superannuation and Retirement Income Act [ executive.govt.nz/MINISTER/cullen/superannuation/super_act_2001.pdf ] which provides the statutory framework for its operations.

The Commission is funded by central government. In the 2008 budget it received $NZ5.6m in funding [ http://www.treasury.govt.nz/budget/2008/estimates ] .

Its more public roles include:

* the operation of the “Sorted” website [ www.sorted.co.nz ] which has various tools designed to encourage savings
* Promotion of the retention of older workers by employers [ http://www.nbr.co.nz/article/businesses-get-help-keeping-older-workers-34782 ]
* Promotion of savings to children [ http://www.stuff.co.nz/stuff/thepress/4685744a25460.html ]

References

External links

*Commission Website http://www.retirement.org.nz/
*Sorted Website http://www.sorted.org.nz/
*Office of the Retirement Commission http://www.ootrc.govt.nz