KiwiSaver

Govt announces detail of workplace savings scheme

Thursday 19th of May 2005
Finance Minister Michael Cullen has unveiled a workplace savings package in the Budget based on last year’s Peter Harris-led Workplace Savings Group report.

Under the “KiwiSaver” programme, employers will have to provide access to superannuation schemes for their employees, and employees will automatically be enrolled when they join a new employer.The employee still has the option of pulling o...

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