willsken
24th July 2008, 07:37 PM
It seems that unless you apply before the beginning of October, you will no longer be able to join one of these schemes. Instead you will have to join the Kiwi Saver. You will lose certain benefits from this and I think all teachers need to look into it before it's too late to join. From my limited research it seems you can get to you savings a lot earlier than if you join the Kiwi Saver. In certain circumstances as early as 50. (That's a lot earlier than the Kiwi Saver) I know they will only match 3% of what you put in and the Kiwi Saver will match 4% within a couple of years but for me being able to get to my savings earlier is more important.
Anyway, just a thought that it should be something to research sooner rather than later.
:)
http://www.payroll-serv.co.nz/Superannuation/Retirement%20Savings%20Guide%202007-07-25.pdf
http://www.teachnz.govt.nz/returning-teachers/employment/retirement-schemes
These are a couple of links but there is loads of info out there if you Google Teachers retirement savings schemes.
Anyway, just a thought that it should be something to research sooner rather than later.
:)
http://www.payroll-serv.co.nz/Superannuation/Retirement%20Savings%20Guide%202007-07-25.pdf
http://www.teachnz.govt.nz/returning-teachers/employment/retirement-schemes
These are a couple of links but there is loads of info out there if you Google Teachers retirement savings schemes.