As widely reported:
Govt considers automatic KiwiSaver enrolment
People will be automatically enrolled in KiwiSaver under changes being considered by the Government. All workers would be automatically signed-up to the retirement scheme under the change, unless they asked to opt-out.
National had previously considered such a move, but ruled it out as too expensive. Finance Minister Bill English said that mass enrolment was now more affordable in the wake of the Government’s snap decision to drop the $1000 kickstart, announced as part of Budget 2015.
[English:] “It would catch a whole lot of people who might want to reconsider being in KiwiSaver, because it is a pretty good deal – they get the employer matching subsidy, and the government subsidy. “There is really no other investment they can make – or no other form of savings – that can match the return of KiwiSaver.”
Nice to see English acknowledging the importance of Kiwisaver – thanks Michael Cullen, thanks Helen Clark! I certainly support default enrollment. But isn’t it odd, from those who went ape shit over light bulbs, there is not a word against this Big Government Nanny State PC Gone Mad idea…