Pension Deduction Law Saves Government $500 Million Annually

An 83-year-old Auckland man, Jim Wolfson, struggles to afford basic expenses due to a controversial pension deduction policy that affects over 90,000 people annually in New Zealand. He describes his situation as dire, stating he hasn’t traveled more than 30km from home in six years and considers even fast food a luxury. This policy, rooted in the Social Security Act 1964, allows the government to save around half a billion dollars yearly by deducting pensions for those receiving benefits from other countries.

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