The Retirement Commission is an autonomous crown entity, set up in 1993.
The Retirement Commissioner's role is established under the NZ Superannuation and Retirement Income Act 2001 and appointed by the Minister for Social Development and Employment.
The current Retirement Commissioner is Diana Crossan, appointed in February 2003.
The Commission's 2008/11 Statement of Intent outlines the core purpose of our work:
The Commission's work contributes towards three key elements vital to New Zealand’s retirement income framework. These need to be in place so that all New Zealanders have the confidence and ability to make informed and lasting decisions about their personal finances throughout their lives.
The Commission has a role in protecting the interests of residents and intending residents of retirement villages by monitoring the Retirement Villages Act 2003.