Workers would be paid up to 80 percent of their wage for up to seven months under new income insurance plans, which were designed alongside Business New Zealand, and the Council of Trade Unions.
The scheme will be managed by ACC and is being lauded by unions and many businesses, but not everyone is convinced.
Beneficiary advocates say unemployment payouts to people who lose their jobs are far from a welfare win and drive inequalities across Aotearoa.
Susan St John is an associate professor of economics at Auckland University. She talks to Lisa Owen about the new scheme.