Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

KiwiSaver options need careful exploration

4 August 2011

KiwiSaver options need careful exploration

BusinessNZ has called for a time of careful consideration before any decisions are made on automatic enrolment for KiwiSaver.

Chief Executive Phil O’Reilly says employers are supportive of employee choice and the reasoning behind making enrolment automatic would have to be sound.

“It should be acknowledged that KiwiSaver might not be appropriate for all people in all circumstances.

“Another point to be addressed is KiwiSaver’s tendency to displace a certain amount of existing savings.

“These factors raise questions about the necessity of making KiwiSaver enrolment automatic at this stage.”

Mr O’Reilly said any moves in that direction should be transparent and employers should have the ability to contribute to the decisions.

“Any sudden change to the scheme would have a significant impact on employers, and those with stretched wage budgets experiencing tight business conditions would find a sudden potential increase in co-funding costs hard to deal with.

“Compliance costs would also need to be carefully considered.”

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Failing To Prepare For Either Mental Health Needs, Or Covid Outbreaks


In a week when the Covid scare in Wellington and the national crisis in mental health both hit the headlines, they also seemed like mirror images of each other – in that we seem equally ill-prepared on both fronts. In both cases, contingency planning has seeds next to non-existent... More>>

 



Environment: Bringing Back The Health Of Hauraki Gulf

New marine protection areas and restrictions on fishing are among a raft of changes being put in place to protect the Hauraki Gulf for future generations.
The new strategy, Revitalising the Gulf – Government action on the Sea Change Plan, released today... More>>

ALSO:

NZ First Returns: Winston Peters - AGM Address

Ladies and gentlemen, it’s a pleasure to be in Auckland for the 28th New Zealand First Party Conference. It is our intention and mission to remain the most successful political party outside of National and Labour in the last three decades... More>>



Government: New Members Appointed To Waitangi Tribunal

Minister for Māori Development, Hon Willie Jackson, today announced the appointment of three new members to the Waitangi Tribunal and the reappointment of one existing member to the Waitangi Tribunal... More>>

NZNO: Nurses Reject DHB Offer And Confirm Strike Action

The New Zealand Nurses Organisation says its 30,000 members who work in DHBs have voted overwhelmingly to reject a second offer in their current round of multi-employer collective agreement (MECA) negotiations... More>>

ALSO:


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels