Jacinda Ardern may be waving goodbye to leading the country but she, like other former Prime Ministers, is eligible to receive some attractive perks long after she leaves the top job.
Ardern fought back tears today as she announced she will stand down by February 7.
She, like others who’ve served more than two years as Prime Minister, is eligible to receive up to $57,000 per year in annuity.
They are offered $11,400 for each complete year the person held the office or a maximum yearly payment of $57,000, whatever is less.
As well as this, the Members of Parliament (Remuneration and Services) Act 2013 says after the former Prime Minister dies, the surviving spouse or partner of a former Prime Minister can be paid an annuity at half that yearly rate.