Merry Christmas from Labour

Labour have left workers with another lovely christmas present. On top of the billion shortfall in the non-earners ACC account, is seems ACC also needs $1.337 billion more over the next three years for the earners account.

This is funded by almost every employee in NZ through a $1.40 per $100 levy. But Labour has left ACC so short of funds, that it needs to have the levy increased to $2.20 per $100.

What does this mean for your family? Well if both parents earn say $50,000 then that is $600 less they”ll have for Christmas next year, $700 less for the year after and $800 less for the year after that.

Have a Merry Christmas from Labour!