Education Policy | Post Primary | Preschool | Primary | Tertiary | Search

 

National's Plans Will Leave Kiwisaver Anaemic

NZEI RELEASE

8th October 2008

National's Plans Will Leave Kiwisaver Anaemic

National's proposed changes to Kiwisaver will only serve to make the scheme less attractive, according to the education sector union NZEI Te Riu Roa.

NZEI is concerned that government moves to shut down access to existing schemes available to its members, was on the basis that the ultimate shape of Kiwisaver at 4% employer and 4% employee contributions (4+4) was better than the 3+3 of those existing schemes.

If National is elected, all that will be available to incoming school sector employees will be a 2+2 scheme. This is a backwards step.

"A scheme frozen at 2+2 is anaemic and will re-establish the gap between Australia and New Zealand when it comes to an attractive place for workers to live," says NZEI National Secretary Paul Goulter.

NZEI also views National's proposal to reverse the government's recent adjustments to Kiwisaver very seriously. The loophole that was recently closed would have resulted in workers in Kiwisaver paying both their own and the employers' contribution. Under National's plans, this abuse will now become widespread and further damage the credibility of Kiwisaver.

ENDS

© Scoop Media

 
 
 
 
 
Culture Headlines | Health Headlines | Education Headlines

 
IHC Tribute: Colin Meads

"While Colin is best known for rugby, to us he is one of a small number of distinguished IHC New Zealand Life Members recognised for their significant support for people with intellectual disabilities," says IHC Chief Executive Ralph Jones. More>>

ALSO:

Howard Davis Review: Tilting at Turbines - The Trip to Spain

Steve Coogan and Rob Brydon have now both broken the Big Fifty barrier, which seems to have brought a whole new level of angst to their midlife adventures ... More>>

Review: A Rose By Any Other Name Would Smell As Sweet

The Royal New Zealand Ballet has accepted the challenge of this heart-touching tragedy and largely succeeded. More>>

ALSO:

NZ's First Male IAAF Gold: Tom Walsh's Historic Shot Put Victory

Although feeling very sore but with a great feeling Tom Walsh took his place as number one on the victory dais to receive his much deserved gold medal. More>>

ALSO:

Scoop Review Of Books: Q&A: Hard To Find Books

"Unfortunately we are in crisis and this friendly dinosaur faces extinction… Our only hope is to try and raise funds to buy the building and restore it to its glory, either fully funded or with a viable deposit." More>>

Kid Lit: Lost Mansfield Story Discovered At Wellington Library

Previously undiscovered letters and a story written by a young Katherine Mansfield were recently unearthed in Wellington City Library’s archives by a local author researching a book about the famous writer. More>>

 
 
 
 
 
 

LATEST HEADLINES

  • CULTURE
  • HEALTH
  • EDUCATION
 
 
  • Wellington
  • Christchurch
  • Auckland