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Rises in benefits, minimum wage in force

NZ Newswire logoNZ Newswire 31/03/2017

Increases in benefits, national super and the minimum wage are in force as ACC levies come down.

The changes, effective from April 1, mean that:

* Benefit rates increase by 1.1 per cent

* Superannuation rates increase by 1.4 per cent

* The adult minimum wage increases by 50 cents to $15.75 an hour

* The starting-out and training hourly minimum wage rates increase from $12.20 to $12.60 per hour, remaining at 80 per cent of the adult minimum wage.

ACC levies fall by $139.2 million with a further $113.2 million reduction on 1 July. In total levies have been cut by $2.25 billion since 2008.

"The sound economic management of the National-led Government over the past nine years has helped get New Zealand back on track and in a position to start sharing the benefits of our growing economy with Kiwis," Prime Minister Bill English said.

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