Labour to make employer contributions to KiwiSaver compulsory if elected

Labour Will Strengthen KiwiSaver For Future Generations

"Stronger KiwiSaver means more wealth in Kiwi hands and more investment here at home. Labour will back Kiwis to save and back the businesses that will grow our economy," Barbara Edmonds said.

Labour unveils KiwiSaver policy – what's different to National's proposal

The Labour Party would make employer KiwiSaver contributions compulsory, even when employees reduce or pause their own contributions, and lift the rate to 6% by 2032, should it be elected in November.

Labour to make employer contributions to KiwiSaver compulsory if elected

Labour will make employer contributions to KiwiSaver compulsory, as well as raise the minimum to 6 percent even when employees reduce or pause their own, with the party saying it wants to make the retirement savings scheme "work harder for more New Zealanders".

Labour pledges to make employer contributions to KiwiSaver compulsory

Labour pledges to make employer contributions to KiwiSaver compulsory

Labour pledges compulsory employer KiwiSaver contributions of 6% if elected

The party would make employer contributions compulsory even when workers pause their own payments, while giving employees greater flexibility over how much they put in.