KiwiSaver
Super scheme super success
Tuesday 3rd of August 2004
State Services Minister Trevor Mallard announced last week that 44% of those eligible for the scheme have joined it.
That level of uptake is well ahead of forecasts.The Treasury thought the employer subsidy would cost $48.5 million in the first full year if uptake was only 30%. That would have been in line with uptake of the teachers’ retirement scheme set up the previous year as a pilot fo...
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