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Superannuation

As at 30 June 2015, 84% of Public Service employees were members of at least one employer-subsidised superannuation scheme (up from 81% in 2014). The majority of staff (64%) belong to KiwiSaver, followed by 22% in the State Sector Retirement Savings Scheme (SSRSS). Since the introduction of KiwiSaver in 2007, membership continues to increase steadily as new employees enter the Public Service. In contrast, the proportion of employees belonging to SSRSS and GSF (Government Superannuation Fund) schemes, which were closed to new members in 2008 and 1992 respectively, has been decreasing gradually as members leave the workforce. Figure 3.6 shows the trend of Public Service employees participation in superannuation schemes over the seven years, 2009-2015.

Figure 3.6 Proportion of Public Service employees in subsidised superannuation schemes, June year 2009-2015

Figure 3.6 Proportion of Public Service employees in subsidised superannuation schemes, June year 2009-2015

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