New Zealand ’ s controversial income insurance plans
Wellington , New Zealand
Clear skies above the New Zealand parliament building in Wellington . The government has proposed an income insurance scheme , which would cover 80 % of a person ’ s income if they lose their job through redundancy . The scheme would be funded by levies paid through employer and employee contributions , similar to an existing accident compensation scheme called ACC . Some prominent businesses have warned the proposals would subsidise industries with higher staff turnover , but trade unions say it would reduce pressure for unemployed people to accept lower-paying roles . A decision on the proposal is expected in due course .
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