The Union’s group life compensation insurance has had a 3 yearly re-market whereby the broker, Mercer Marsh Benefits tests the market for the type of insurance we currently get. The insurance covers death and terminal illness. The current and future insurer is AIA/Sovereign and is a based on a this scheme as a voluntary scheme. Compulsory schemes are a lot cheaper in terms of contributions.

Previously the amount deducted from contributing members’ pay was $23.23 per fortnight, it will now be $24.61 per fortnight. The deduction increase will take place first pay in May 2022.

The benefit paid to the member upon death or terminal illness diagnosis is $100,000.00

Members can join the scheme by filling in the application and declaration form on our website and fill out the pay deduction form and members can continue their cover when they leave employment by filling out this form.

This is a group life scheme where every member pays the same regardless of their age, other schemes alter their contribution rate as your age band increases.

Any questions please contact the National President Ian Wright via president@nzpfu.org.nz

In unity,
Ian Wright
NZPFU National President

Related Articles

VIEW ALL VIEW ALL

CALLING FOR NOMINATIONS

Please post this notice on union notice boards and make all members are aware that nominations are called, and the elections are overseen by the Returning Officer as set out below.


Kawerau Local Vice President Election Result

In accordance with the NZPFU Rules, Kawerau members are informed that Paul Newbold has been elected Local Vice President.


Auckland Local Committee Declaration

The NZPFU Conference in 2022 agreed to a Rule change that provided that the Auckland Local could have a committee of 20 including the three Offices of Local President, Secretary and Vice President. The recent elections of the Auckland Local President and Vice President impacted on the number of nominees for the Auckland Local Committee resulting in the Local Committee now being declared.