Kiwisaver
From 1 February 2010, Presbyters in Full Connexion have been unable to become members of the Methodist Church Superannuation Fund and have been enrolled into KiwiSaver. The contribution rates for both Parishes and for presbyters are provided below as a guide based upon what the Law required (both secular and Church Law):
Member Contributions (Presbyter Contributions) |
Yearly | Monthly |
Full Member - 3.00% | $1,834.90 | $152.91 |
Full Member - 4.00% | $2,446.54 | $203.88 |
Full Member - 6.00% | $3,669.81 | $305.82 |
Full Member - 8.00% | $4,893.08 | $407.76 |
Full Member - 10.00% | $6,116.35 | $509.70 |
Church Contribution - Kiwisaver 7.75% | Yearly | Monthly |
Full Member (7.75%) ESCT 30% net to fund |
$4,740.17 $1,422.05 $3,318.12 |
$395.01 $118.50 $276.51 |
Full Member (7.75%) ESCT 17.5% net to fund |
$4,740.17 $ 829.53 $3,910.64 |
$395.01 $ 69.13 $325.89 |