21 Nov 2019

Report recommends KiwiSaver style accounts for redundancy

From Morning Report, 8:39 am on 21 November 2019

Compulsory income insurance and a Kiwisaver-style redundancy account are being touted as the best way to protect workers when they lose their jobs.

A new report from the Productivity Commission says New Zealand lags behind most other OECD countries when it comes to government-funded or mandatory support for people who are made redundant.

The Commission says providing more income security will also help boost the country's low levels of productivity.