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14 Aug 2020 23:09
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  •   Home > News > Business

    Act's outlined a new employment insurance scheme, as it pushes for an overhaul of the welfare system

    Act's outlined a new employment insurance scheme, as it pushes for an overhaul of the welfare system


    The policy would allow a taxpayer to claim 55 per cent of their average weekly earnings, if they lost their job.

    It would be capped at 60 thousand dollars a year.

    Financial Advice New Zealand chief executive Katrina Shanks says it's similar to ACC insurance.

    She says part of a worker's salary or wage would put aside and ring fenced, and only used if they lose their job.

    © 2020 Newstalk ZB, NZCity


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