Common use of Retirement Savings Scheme Clause in Contracts

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. 2.12.1 ‌ 2.18.1 Teachers are eligible to join Kiwisaver schemes a KiwiSaver scheme in accordance with the terms of those schemes. 2.12.2 2.18.2 Employer or government contributions to retirement or superannuation schemes which are closed to new members (and include including the Teachers’ State Sector Retirement Savings Scheme and the Government Superannuation Fund), ) shall continue in accordance with the terms of those schemes. 2.12.3 2.18.3 Where employer or government or employer contributions are made to another retirement savings 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 the combined contributions equal the minimum KiwiSaver employer or government contributions. If . 2.18.4 Where the employer or government or employer contributions made to another retirement savings or superannuation scheme of which a teacher is a member equal equals or exceed exceeds the full minimum KiwiSaver employer or government contributionscontribution, then that the teacher is not eligible to receive an employer or government contributions contribution to a KiwiSaver scheme.

Retirement Savings Scheme. 2.12.1 Teachers are eligible to join Kiwisaver 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. 2.12.1 Teachers are eligible to join Kiwisaver 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 trustees are obliged to enrol eligible new employees in a KiwiSaver scheme in accordance with the KiwiSaver Act 2006.

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.