Superannuation

Heading: inserted, on 1 August 1990, by section 2 of the State Sector Amendment Act 1990 (1990 No 78).

84 Interpretation

For the purposes of sections 84A and 84B,—

contribute, in relation to a superannuation scheme, means to make superannuation contributions to the scheme to provide to a significant extent the benefits payable by the scheme, not being merely nominal contributions or contributions only to meet the costs of administration and management of investments of the scheme

employee includes a chief executive

employer

(a)

means a person who pays, or is liable to pay, to any person (being an employee) any earnings as an employer; but

(b)

means the chief executive of the Ministry within the meaning of section 91A(1) of the Education Act 1989, for the duration of the application period in that section, in relation to—

(i)

an institution that is subject to Part 9 of that Act; or

(ii)

a free kindergarten within the meaning of section 120 of that Act; and

(c)

includes any person or organisation whose officers or employees were, immediately before 1 July 1992, entitled to elect or required to become contributors to the Government Superannuation Fund established under the Government Superannuation Fund Act 1956

State services includes—

(a)

any tertiary education institution:

(b)

any employer within the meaning of this section

superannuation scheme or scheme means any retirement scheme (within the meaning of section 6(1) of the Financial Markets Conduct Act 2013).

Section 84: substituted, on 25 January 2005, by section 16(1) of the State Sector Amendment Act (No 2) 2004 (2004 No 114).

Section 84 superannuation scheme or scheme: replaced, on 1 December 2014, by section 150 of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).