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The Team's Board Report - Mainfreight

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29<br />

Service Achievements<br />

<strong>The</strong> following members of our team have celebrated, or will shortly celebrate<br />

20 years or more with us:<br />

Raymond Linton-Brown 35 years Daily Freight Auckland<br />

Ramnand Moti 25 years Daily Freight Auckland<br />

Craig Evans 20 years National Team<br />

David Farrell 20 years <strong>Mainfreight</strong> Rotorua<br />

Jim Cullen 35 years Daily Freight Auckland<br />

Lloyd Rivers Smith 30 years Daily Freight Auckland<br />

Dick Moa 20 years <strong>Mainfreight</strong> Dunedin Owner Driver<br />

Bobby Dougherty 20 years <strong>Mainfreight</strong> Wellington Owner Driver<br />

Don Campbell 25 years <strong>Mainfreight</strong> International Auckland<br />

Oriana Laumea 20 years <strong>Mainfreight</strong> Wharf Auckland<br />

Thank you for your loyalty, dedication and hard work.<br />

What an achievement!<br />

KiwiSaver – New Zealand<br />

With effect from 1 July, the New Zealand<br />

Government has introduced KiwiSaver, a<br />

voluntary savings initiative created to encourage<br />

people to save for their retirement.<br />

<strong>Mainfreight</strong> is fully supportive of the KiwiSaver<br />

concept. We have decided to make<br />

contributions ahead of the current timetable and<br />

introduce the 1% employer contribution from 1<br />

July 2007.<br />

In short, money is paid from your wages or<br />

salary and put into a savings fund. You may<br />

withdraw your savings when you are eligible for<br />

NZ Super (currently when you turn 65) or after<br />

five years’ membership, whichever is later.<br />

BENEFITS (Some are subject to eligibility)<br />

• A $1,000 kick-start payment from the<br />

government<br />

• A payment from the government matching<br />

your contributions for the year, up to a<br />

maximum of $1,042<br />

• Contributions to your fund by <strong>Mainfreight</strong><br />

from 1 July 2007 (provided you are<br />

contributing)<br />

• A $40 payment from the government each<br />

year towards the fees charged by your fund<br />

• After 3 years withdraw all or part of your<br />

savings as a deposit towards the purchase of<br />

your first home<br />

• After 1 year split your contributions and use<br />

up to half to repay the mortgage on your own<br />

home<br />

TEAM MEMBER CONTRIBUTIONS<br />

• You can contribute either 4% or 8% of your<br />

before-tax wages or salary (this includes<br />

bonuses)<br />

• You can make voluntary lump sum<br />

contributions to your fund<br />

• After 1 year you may apply to take a<br />

contributions holiday for up to 5 years, as<br />

many times as you like<br />

MAINFREIGHT’S PREFERRED PROVIDER<br />

• Your savings will be invested in a KiwiSaver<br />

scheme. <strong>The</strong>re are a wide range of schemes<br />

and you may join any KiwiSaver scheme you<br />

choose<br />

• <strong>Mainfreight</strong> has chosen ASB KiwiSaver as<br />

its preferred supplier. If you do not specify<br />

which KiwiSaver scheme you wish to<br />

join your savings will be placed with ASB<br />

KiwiSaver<br />

JOINING KIWISAVER<br />

• If you were a <strong>Mainfreight</strong> Group team<br />

member at 1 July 2007, you need to opt in if<br />

you want to join KiwiSaver<br />

For forms or further information on<br />

KiwiSaver, contact the Training Centre on<br />

09 256-9450 or email Donna Barrett at<br />

donna.barrett@mainfreight.co.nz.

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