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Parliament Bill

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

72: Remuneration Authority to determine annuity of former Prime Ministers

You could also call this:

"How much money former Prime Ministers get each year"

Illustration for Parliament Bill

If you used to be the Prime Minister of New Zealand for at least 2 years, you will get an annuity. The Remuneration Authority will decide how much you get. They will work out how much you get based on how many years you served, up to a maximum of 5 years. If you die, your spouse or partner will get half of your annuity. You will get this annuity no matter when you were Prime Minister. You can find more information about how you get paid in clause 10 of Schedule 3. The Remuneration Authority's decision is a type of law, and you can find out more about this type of law in 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

72Remuneration 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).

Notes