Superannuation

As at 14 July 2004, 14,373 public servants had joined the State Sector Retirement Scheme (SSRSS). This was equivalent to 46% of the group eligible 4 to join the SSRSS in the Public Service.

Prior to the introduction of the SSRSS about 14% of the public servants were in an employer subsidised superannuation scheme, with 49% of this group being members of GSF. The proportion of public servants on employer subsidised superannuation schemes increased to 51% after the introduction of the SSRSS.

There was little difference in uptake of the SSRSS by gender, with the uptake by males only slightly higher at 47% compared to 45% for females. There was higher uptake among higher salary groups, with 56% uptake for those earning $50,000 or more, compared to 42% for the group earning less than $50,000.

Figure 3: SSRSS Uptake by Salary Group

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Uptake of the SSRSS was lower in the younger age groups. For those aged less than 40 years, the uptake was 41% compared with 50% for those aged 40 years or over. Higher paid employees tend to be older, but for all salary groups the uptake is greater for the older age groups.

Figure 4: SSRSS Uptake by Age Group

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Associate professionals, the largest occupation group in the Public Service, had the lowest uptake (37%) for SSRSS. Professionals, managers and the science/technical occupation groups had the highest levels of uptake for SSRSS (54%-55%).

By ethnic group, Pacific peoples had the lowest uptake (33%) and the Asian group had the highest uptake (56%). Although Pacific public servants are generally a younger and lower-paid group than non-Pacific public servants, the uptake of SSRSS was still lower for older Pacific peoples and Pacific peoples on higher salaries than non-Pacific peoples in these groups.

Nelson was the region with the highest level of uptake (56%) and Auckland the lowest (37%).

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