Pension National Scheme

The Pension National Scheme is a defined contribution scheme. The benefits payable by your scheme are guaranteed by the Government.

The earnings rate declared by the Board for the scheme for the year ended 31 March 2009 was 4.0% on Members' Total Credits as at 1 April 2008, and 1.6% on contributions paid during the year.  The investment return (after tax and expenses) earned by the scheme for the year ended 31 March 2009 was negative at -9.78%.

Locked-in scheme

The Locked-in section of the Pension National Scheme was created on 1 July 2007 as an alternative to KiwiSaver.  The Locked-in section has many of the benefits of KiwiSaver, but also has the Government guarantee and the 4% minimum earnings. These two features are hallmarks of the NPF schemes and are not available to KiwiSaver.

How your money is invested

The scheme's asset allocation benchmarks are set by the Board and reviewed regularly. The pie chart shows the scheme’s current asset allocation benchmarks.

Click here to download the scheme documents in PDF format