Loss-of-investment-earnings compensation for school employees

In 2015 the Ministry of Education remediated the superannuation accounts of around 400 school employees in the Teachers’ Retirement Savings Scheme (TRSS). The remediation was for employer superannuation contribution errors that occurred from 2012 to 2015. 

The Ministry is now paying compensation for the loss-of-investment-earnings related to the late payment of these superannuation contributions, as well as any made after 2015. 

More information is available on the Ministry’s website.

This information has been prepared by Mercer (N.Z.) Limited for general information only. The information does not take into account your personal objectives, financial situation or needs.

27 April 2022