Not certain about Australia, but here in NZ we call it "NZ Super" (or just "the pension") instead of "social security". It is a universal superannuation which k

Not certain about Australia, but here in NZ we call it "NZ Super" (or just "the pension") instead of "social security". It is a universal superannuation which kicks in at age 65, is not means-tested, and is paid in the same amount to everyone who qualifies. The money that the fund invests/disburses comes from an annual government contribution to the NZ Super Fund, determined by some legislated formula. Individual workers/earners don't "pay into" it in any way that is separately taxed or monitored. To collect the pension you simply need to be lawfully living in the country (e.g. citizen or permanent resident status), have made NZ your primary/main country of residence (usually by living and working here), and you must have lived in New Zealand for 10 years since the age of 20, of which five of the years must have been since the aged of 50 years. If the above applies to you, you should sign on and start getting your $792.34 per fortnight :-)