Parental leave payments will increase by 7.7% from Saturday 1 July to reflect the rise in average weekly earnings.
The maximum weekly gross rate for eligible employees and self-employed parents will increase from $661.12 to $712.17.
Under the Parental Leave and Employment Protection Act 1987, eligible parents are entitled to payments equal to their normal pay up to the current maximum rate. The maximum rate is adjusted annually to account for any increase in average weekly earnings.
The minimum parental leave payment rate for self-employed parents will increase from $212 to $227 gross per week, to reflect the minimum wage increase on 1 April this year.
The minimum rate for self-employed parents is equivalent to 10 hours worked per week at the adult minimum wage, which is now $22.70 per hour.
Source: employment.govt.nz
(*) If there are any copyright-related issues regarding the articles published on our website, please do not hesitate to contact us. We would handle the request accordingly.
