KiwiSaver » Employer Obligations & Options » Managing KiwiSaver as a part of Remuneration
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Managing KiwiSaver as a part of Remuneration
How can employers efficiently manage KiwiSaver as a part of their employee remuneration package?
- Identify and communicate to all staff how KiwiSaver is a component of each salary / wage remuneration package
- Consider including a reminder about KiwiSaver in annual salary reviews. Existing staff can choose to opt-in at anytime and there are still many employees who have yet to join KiwiSaver.
- Provide answers and / or clear direction to employees who ask questions about KiwiSaver. If you have an intranet, provide links to www.sorted.org.nz to help staff learn more about retirement savings and their superannuation requirements.
- For employers who have chosen a preferred KiwiSaver scheme - make time for an annual review with the scheme provider and discuss employee communications.