Sections 69G - 70, Social Security Act 1964
Law relating to the effect of overseas pensions on New Zealand Superannuation is largely covered in parts of section 69 and the whole of section 70 of the Social Security Act 1964.
In broad terms:
o The final parts of section 69 state that a person applying for NZ Super must obtain and reveal the amount of any overseas pension due the applicant and immediate family, and that failure to do so risks forfeiting NZ Super.
o Section 70 states that if anyone in the applicant’s immediate family is due an overseas pension which the chief executive of the Ministry of Social Development deems comparable to NZ Super, the applicant’s NZ Super payment will be reduced by the amount of the overseas pension. If the applicant agrees to pay over to the Ministry the overseas pension received, however, NZ Super will be paid in full.
View a full version of sections 69G to 70 or a slightly more readable version.