NZ opposition proposes compulsory KiwiSaver contributions [UPDATED]
- Tuesday, 29 April 2014
New Zealand's opposition Labour Party proposed a raft of new economic measures on April 29, including changes to the KiwiSaver savings scheme to make it – like its Australian equivalent – compulsory for paid employees. The system currently operates on a voluntary opt-in basis, and KiwiSaver data says just fewer than 2.3 million New Zealanders, or roughly half the population, were members by March this year.
