New Zealand Superannuation is a government-funded pension scheme that provides financial support to eligible residents aged 65 and over. It is designed to help retirees maintain a basic standard of living and is funded through general taxation rather than individual contributions. The amount received depends on factors such as marital status and living arrangements. New Zealand Superannuation is not means-tested, meaning it is available to all qualifying seniors regardless of their income or savings. This system aims to ensure that older citizens have a reliable source of income during retirement.