A referendum on introducing a compulsory retirement savings scheme was held in
New Zealand
New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island count ...
on 26 September 1997. The question put in the referendum was, "Do you support the proposed compulsory retirement savings scheme?" The proposal was rejected by 91.8% of voters, with a turnout of 80.3%.
[ Dieter Nohlen, Florian Grotz & Christof Hartmann (2001) ''Elections in Asia: A data handbook, Volume II'', p724 ]
The design of the proposed savings scheme and the referendum were a result of the coalition agreement between the
National Party and
New Zealand First following the
1996 general election. The referendum was set up by the Compulsory Retirement Savings Scheme Referendum Act 1997.
Results
References
{{New Zealand elections
New Zealand
New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island count ...
Pensions referendum
1997
File:1997 Events Collage.png, From left, clockwise: The movie set of ''Titanic'', the highest-grossing movie in history at the time; '' Harry Potter and the Philosopher's Stone'', is published; Comet Hale-Bopp passes by Earth and becomes one of ...
Pensions referendum
Pension referendums
September 1997 events in New Zealand