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Parliament Act 2025

Salaries, allowances, expenses, and services for members and others - Salaries, allowances, and certain expenses determined by Remuneration Authority - Remuneration Authority to determine salaries, allowances, and certain expenses

73: Remuneration Authority to determine annuity of former Prime Ministers

You could also call this:

"How much money former Prime Ministers get each year"

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You get an annuity if you were the Prime Minister for at least 2 years. The Remuneration Authority decides how much you get. They look at how many years you served, up to 5 years. You can get an annuity even if you were Prime Minister before this law started. If you die, your spouse or partner gets half of your annuity. The Remuneration Authority decides the yearly rate for this. You can find more information about getting the annuity in clause 10 of Schedule 3. The Remuneration Authority's decision is secondary legislation, which means it has to be published, as explained in Part 3 of the Legislation Act 2019.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS804057.

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Part 4Salaries, allowances, expenses, and services for members and others
Salaries, allowances, and certain expenses determined by Remuneration Authority: Remuneration Authority to determine salaries, allowances, and certain expenses

73Remuneration Authority to determine annuity of former Prime Ministers

  1. An annuity is to be paid, out of public money, to a person who has held the office of Prime Minister for a total of at least 2 years.

  2. The Remuneration Authority must determine the annuity.

  3. The annuity must be determined on the basis of a yearly rate for each year of service up to a maximum of 5 years of service.

  4. The surviving spouse or partner of a person who has held the office of Prime Minister for a total of at least 2 years is, if that person dies, to be paid an annuity set at half the yearly rate determined by the Remuneration Authority under subsection (2).

  5. Subsection (1) applies regardless of whether the person held the office of Prime Minister before or after the commencement of this Part.

  6. See clause 10 of Schedule 3 (which relates to the payment of the annuity).

  7. A determination under this section is secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).

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