A big majority of chief executives want KiwiSaver made compulsory. Seventy-seven per cent of respondents to the Herald’s CEO survey are in favour of compulsion, which is a key Labour
Month: November 2011
KiwiSaver best performers revealed: conservative, defaults
Default and conservative KiwiSaver funds with low exposure to shares and property have been the best performers for the quarter ended September 30, and the past year, according to Mercer’s
Firms face back-pay nightmare
Staff who receive part of their pay in bonuses could find they’ve been short-changed on holiday pay due to employer confusion over changes to the Holidays Act. Global recruitment firm
National’s youth wage plan
Prime Minister John Key has told employers that new National policies including lower wages for many teenagers and a weakening of the influence of unions would provide more jobs and
Labour promises ‘tough decisions’
Labour leader Phil Goff has officially launched his party’s election campaign by confirming he would take the \”tough\” decisions to make KiwiSaver compulsory and raise the age of eligibility for
Warning over cost of KiwiSaver plan
KiwiSaver auto-enrolment could be costly and time-consuming for default providers of the savings scheme and frustrating for workers, says the chairman of a superannuation industry body. Finance Minister Bill English
National plans ‘bit of a shove’ to get workers into KiwiSaver
National is planning to give employees not already in KiwiSaver \”a bit of a shove\” by automatically enrolling them in the scheme but Labour says the move is timid and
Labour vows to repeal Hobbit law
A Labour-led government would change the law around film workers, even if it meant losing the The Hobbit films overseas, as part of a major policy release around employment relations.
Labour Party launches work and wages policy
The Labour Party wants minimum pay and work conditions to apply across certain sectors in order to scratch out anomalies, such as workers being paid different rates for the same
KiwiSaver auto-enrolment go-ahead
Any working age New Zealanders not already in KiwiSaver will be automatically enrolled in the scheme in a bid to improve the country’s savings – but not until the 2014/2015
Extent of IRD search powers ‘scary’
Tax firm Deloitte is reminding the public of the Inland Revenue’s \”scary\” search powers after a decision in the High Court. Deloitte said a ruling after the Inland Revenue seized
Demand for women’s pay data
The Labour Party wants to make employers release details about pay levels of women staff compared to men under its new policy to redress pay inequity. Companies could also be
ACC levy cuts coming after $3.545b surplus revealed
ACC levies for workers and bosses will be cut from next April, saving the average wage earner about $170 a year, says ACC Minister Nick Smith. Dr Smith also said
$100m deal ends pay ‘struggle’ for all-night disability workers
About 5700 of the country’s lowest-paid workers have won a landmark $100 million deal to pay them the minimum wage for overnight sleepover shifts from Christmas next year. The Service