Employee Benefits in New Zealand 2018
Summary
New Zealand has a comprehensive social security system, which is largely non-contributory. Neither employers nor employees contribute to social security funds, as they are tax financed. However, employees and self-employed persons must contribute to the Accident Compensation Corporation (ACC) scheme, which provides benefits in the event of an accident, either at work or at elsewhere. New Zealand nationals, permanent residents and foreign workers te
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- List of Tables
- Table 1: Insurance Industry Definitions
- Table 2: New Zealand - Country Statistics
- Table 3: New Zealand - Superannuation and Veteran’s Pension Benefits, April 2018
- Table 4: New Zealand - Death-in-Service Benefits, April 2018
- Table 5: New Zealand - Disability Allowance Income Limits, April 2018
- Table 6: New Zealand - Long-Term Disability Benefits, April 2017
- Table 7: New Zealand - Short-Term Sickness Benefits, April 2017
- Table 8: New Zealand - Family Tax Credits, April 2018
- Table 9
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- Table of Contents
- 1 EXECUTIVE SUMMARY
- 2 INTRODUCTION
- 2.1 What is this Report About?
- 2.2 Definitions
- 3 COUNTRY STATISTICS
- 4 OVERVIEW OF EMPLOYEE BENEFITS IN NEW ZEALAND
- 5 REGULATIONS
- 6 STATE AND COMPULSORY BENEFITS
- 6.1 Retirement Benefits
- 6.1.1 Introduction
- 6.1.2 Types of Retirement Plan
- 6.1.3 Eligibility
- 6.1.4 Age
- 6.1.5 Benefits
- 6.1.6 Payment Options
- 6.1.7 Typical employer practice
- 6.1.8 Employee and employer contributions
- 6.1.9 Taxation
- 6.2 Death in Service
- 6.2.1 Introduction
- 6.2.2 Eligibility
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