The Government’s decision to give retirement villages up to 12 months to repaydeparting residents is far too long and seniors will pay the price.
“No one should be waiting a year to get their own money back. This is not just inconvenient, it causes real hardship for seniors and their families trying to move on with their lives,” Labour seniors spokesperson Ingrid Leary said.
“It shows how out of touch the Government is with the realities older New Zealanders face.
“People leave or move within villages at some of the most stressful moments of their lives – after losing a partner, moving into care, or managing major health changes. Forcing them to wait up to 12 months for their money only adds to that stress and strips them of the financial flexibility they need.
“My Member’s Bill proposes a clear, fair, three-month repayment timeframe – reflecting what residents say is reasonable and what many operators already achieve.
“It’s a practical solution that ensures seniors can access their own money when they need it most. Today’s announcement shows exactly why my Bill is still needed.
“Seniors deserve fairness, respect and certainty – not empty promises and year-long delays,” Ingrid Leary said.