Parliamentary Annuities Determination 2020
Parliamentary Annuities Determination 2020: revoked (after expiring on 31 December 2020), on 1 January 2021, by clause 5 of the Parliamentary Annuities Determination (No 2) 2020 (LI 2020/297).
Reprint as at 1 January 2021
Parliamentary Annuities Determination 2020
(LI 2020/3)
Parliamentary Annuities Determination 2020: revoked (after expiring on 31 December 2020), on 1 January 2021, by clause 5 of the Parliamentary Annuities Determination (No 2) 2020 (LI 2020/297).
Note
Changes authorised by subpart 2 of Part 2 of the Legislation Act 2012 have been made in this official reprint.
Note 4 at the end of this reprint provides a list of the amendments incorporated.
Pursuant to section 43 of the Members of Parliament (Remuneration and Services) Act 2013 and to the Remuneration Authority Act 1977, the Remuneration Authority makes the following determination (to which is appended an explanatory memorandum).
Determination
1 Title
This determination is the Parliamentary Annuities Determination 2020.
2 Commencement
This determination is deemed to have come into force on 1 January 2020.
3 Expiry
This determination expires on 31 December 2020.
4 Annuity for former Prime Minister
The annuity payable under section 43(1)(a) of the Members of Parliament (Remuneration and Services) Act 2013 to a person who has held the office of Prime Minister for not less than 2 years (whether for a continuous period or for periods totalling 2 years) is payable at the yearly rate of the lesser of the following:
(a)
$10,900 for each complete year of the total period for which the person held the office:
(b)
$54,500 (annual maximum annuity payable).
5 Revocation
The Parliamentary Annuities Determination 2019 (LI 2019/15) is revoked.
Dated at Wellington this 11th day of February 2020.
Fran Wilde,
Chairperson.
Geoff Summers,
Member.
Len Cook,
Member.
Explanatory memorandum
This memorandum is not part of the determination, but is intended to indicate its general effect.
This determination, which is deemed to have come into force on 1 January 2020, increases the annuity payable to a person who has held the office of Prime Minister for not less than 2 years (whether for a continuous period or for periods totalling 2 years) (a former Prime Minister). It replaces the Parliamentary Annuities Determination 2019, which expired on 31 December 2019.
The yearly rate that forms the basis for calculating the annuity is increased from $10,700 to $10,900, with the maximum annuity payable increased from $53,500 to $54,500.
Under section 43(1)(b) of the Members of Parliament (Remuneration and Services) Act 2013, the surviving spouse or partner of a former Prime Minister must be paid an annuity at half that yearly rate.
This determination continues the past practice of adjusting the annuities by having regard to changes in public sector salary and wage rates as shown in the Labour Cost Index and changes to the New Zealand Consumers Price Index.
The making of this determination was delayed beyond the expiry of the previous determination in order to allow the Remuneration Authority to carry out preparatory work, including consultation with those affected.
This determination expires on 31 December 2020.
Date of notification in Gazette: 13 February 2020.
Reprints notes
1 General
This is a reprint of the Parliamentary Annuities Determination 2020 that incorporates all the amendments to that determination as at the date of the last amendment to it.
2 Legal status
Reprints are presumed to correctly state, as at the date of the reprint, the law enacted by the principal enactment and by any amendments to that enactment. Section 18 of the Legislation Act 2012 provides that this reprint, published in electronic form, has the status of an official version under section 17 of that Act. A printed version of the reprint produced directly from this official electronic version also has official status.
3 Editorial and format changes
Editorial and format changes to reprints are made using the powers under sections 24 to 26 of the Legislation Act 2012. See also http://www.pco.parliament.govt.nz/editorial-conventions/.