Retirement Savings Scheme. 2.12.1 Teachers are eligible to join Kiwisaver schemes in accordance with the terms of those schemes.
2.12.2 Employer or government contributions to retirement or superannuation schemes which are closed to new members (and include the Teachers’ Retirement Savings Scheme and the Government Superannuation Fund), shall continue in accordance with the terms of those schemes.
2.12.3 Where government or employer contributions are made to another retirement or superannuation scheme of which a teacher is a member, then that teacher is only eligible to receive employer or government contributions to a KiwiSaver scheme to the extent that those combined contributions equal the minimum KiwiSaver employer or government contributions. If the government or employer contributions made to another retirement or superannuation scheme of which a teacher is a member equal or exceed the full minimum KiwiSaver employer or government contributions, then that teacher is not eligible to receive employer or government contributions to a KiwiSaver scheme.
Retirement Savings Scheme. 3.13.1 Teachers are eligible to join Kiwisaver schemes in accordance with the terms of those schemes.
3.13.2 Employer or government contributions to retirement or superannuation schemes which are closed to new members (and include the Teachers’ Retirement Savings Schemes, the State Sector Retirement Savings Scheme and the Government Superannuation Fund), shall continue in accordance with the terms of those schemes.
3.13.3 A teacher is not eligible to receive employer or government contributions to a Kiwisaver scheme where government or employer contributions are made to another retirement or superannuation scheme of which that teacher is a member.
Retirement Savings Scheme. 1. Teachers are eligible to join a KiwiSaver scheme in accordance with the terms of those schemes.
2. Employer or government contributions to retirement or superannuation schemes which are closed to new members (including the State Sector Retirement Scheme and the Government Superannuation Fund) shall continue in accordance with the terms of those schemes.
3. Where employer or government contributions are made to another retirement savings or superannuation scheme a teacher is only eligible to receive employer or government contributions to a KiwiSaver scheme to the extent that the combined contributions equal the minimum KiwiSaver employer or government contributions.
4. Where the employer or government contributions made to another retirement savings or superannuation scheme equals or exceeds the minimum KiwiSaver employer or government contribution, then the teacher is not eligible to receive an employer or government contribution to a KiwiSaver scheme.
Retirement Savings Scheme. 2.12.1 Teachers are eligible to join Kiwisaver schemes in accordance with the terms of those schemes.
2.12.2 Employer or government contributions to retirement or superannuation schemes which are closed to new members (and include the Teachers’ Retirement Savings Scheme and the Government Superannuation Fund), shall continue in accordance with the terms of those schemes.
2.12.3 Where government or employer contributions are made to another retirement or superannuation scheme of which a teacher is a member, then that teacher is only eligible to receive employer or government contributions to a KiwiSaver scheme to the extent that those combined contributions equal the minimum KiwiSaver employer or government contributions. If the government or employer contributions made to another retirement or superannuation scheme of which a teacher is a member equal or exceed the full minimum KiwiSaver employer or government contributions, then that teacher is not eligible to receive employer or government contributions to a KiwiSaver scheme. Note: Boards of trusteesSchool boards are obliged to enrol eligible new employees in a KiwiSaver scheme in accordance with the KiwiSaver Act 2006.
Retirement Savings Scheme. Surplus Staffing Provisions
Retirement Savings Scheme. (a) Employees shall be entitled to access the State Sector Retirement Savings Scheme (SSRSS) in accordance with the terms of that scheme.
(b) The scheme provides for a matching government contribution of up to 3.0% of a teacher’s gross salary (as defined in the scheme).
(c) Those employees already in receipt of an employer or government contribution to their retirement savings or superannuation scheme, including those employees belonging to the GSF scheme, are not entitled to receive the government contribution described in 2.17(b).
Retirement Savings Scheme. From the date of settlement amend the retirement savings provisions to reflect teacher eligibility to join Kiwisaver schemes in accordance with the terms of those schemes, the closure of the Teachers’ Retirement Savings Scheme to new members, and restrictions on Kiwisaver contributions where government or employer contributions are made to another retirement or superannuation scheme of which the teacher is a member.
Retirement Savings Scheme. Teachers are eligible to join a KiwiSaver scheme in accordance with the terms of those schemes. Employer or government contributions to retirement or superannuation schemes which are closed to new members (including the State Sector Retirement Scheme and the Government Superannuation Fund) shall continue in accordance with the terms of those schemes. Where employer or government contributions are made to another retirement savings or superannuation scheme a teacher is only eligible to receive employer or government contributions to a KiwiSaver scheme to the extent that the combined contributions equal the minimum KiwiSaver employer or government contributions. Where the employer or government contributions made to another retirement savings or superannuation scheme equals or exceeds the minimum KiwiSaver employer or government contribution, then the teacher is not eligible to receive an employer or government contribution to a KiwiSaver scheme.
Retirement Savings Scheme. The Ministry administers a number of superannuation schemes. Information regarding eligibility and access to these schemes is published on the Ministry’s intranet.
Retirement Savings Scheme. The government has announced a state sector retirement savings scheme, which will be available to employees in state and integrated schools who are bound by this collective agreement. This scheme includes a government contribution. This scheme is an expression of the government’s commitment to promoting retirement saving among employees and will help ensure better living standards for those members of the scheme in their retirement years.
