Statistics released by the Retirement Commission highlight how much better prepared for retirement PSS members are relative to people in KiwiSaver. The average PSS balance at 31 December 2024 was just below $224,000, which compares to an average balance of just $37,000 for KiwiSaver members. Some of the difference will be because PSS (established 1992) has been going much longer than KiwiSaver (established 2007) and KiwiSaver includes many New Zealanders on lower incomes. However, it is likely the higher PSS employee and contribution rates are the key reason for the disparity. The discipline of putting more money aside means you have more options open to you when you leave Police. This graph compares average balances of PSS members vs KiwiSaver members at four representative ages.