New Zealand’s opposition Labor Party said if it wins November’s election employer contributions to the KiwiSaver retirement scheme will be made compulsory from July 2028 and will rise to 6% of workers’ wages by 2032. Labour’s finance and economic spo

2026-09-13

New Zealand’s opposition Labor Party said if it wins November’s election employer contributions to the KiwiSaver retirement scheme will be made compulsory from July 2028 and will rise to 6% of workers’ wages by 2032. Labour’s finance and economic spokesman Barbara Edmonds said the party will ban contracts that absorb KiwiSaver contributions into a total-remuneration package. Edmonds said a stronger KiwiSaver would put more wealth in New Zealanders’ hands and support more domestic investment.