Agents Answers: Corrections
Correction - AGENTSanswers April 2009 - issue 111
In the article "KiwiSaver - 1 April 2009 changes" the first two bullet points read:
- The compulsory employer contribution (CEC) increased to 2% from 1 April 2009. This is now the maximum CEC.
- The maximum employee contribution rate has reduced to 2% of the employee's gross pay.
These two bullet points should have read:
- The compulsory employer contribution (CEC) increased to 2% and won't increase further in future years.
- The minimum employee contribution rate has reduced to 2% of the employee's gross pay.
This has been amended in the read online and downloadable versions.
Date published: 06 Aug 2009
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