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

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Season’s Greetings and Office Hours

The Auckland Local wishes all members a Merry Christmas and Happy New Year. The Auckland Office will be closed from the afternoon of Friday 23 December 2022, reopening on Monday 9 January 2023.


Ratification Meeting next Tuesday 13th Dec at 5pm

As you will be well aware by now, we have finally reached an agreed term of settlement in the negotiation for a new CEA. The NZPFU is recommending members accept it and ratify the settlement offer. The National Committee has completely wrung out the sponge for every possible drop of benefit to members, and it's now our turn to act.


Breaking News

SIGNIFICANT SETTLEMENT OFFERED TO NZPFU MEMBERS

Christmas cheer may have come a little earlier for NZPFU members with the NZPFU National Committee today releasing and recommending ratification of a proposed settlement with FENZ. After 18 gruelling months of negotiations and six months of industrial action including all NZPFU members walking off the job twice, the NZPFU members have just received the detail of the proposed settlement that the NZPFU recommends members’ accept.