The Government revealed today it is proposing an ACC-style unemployment insurance scheme.
The proposal looks to provide about 80 per cent cover for a limited time after a person loses their job and is linked to training opportunities.
Finance Minister Grant Robertson said the scheme “would cushion the impact of a job loss”.
“It would give workers the financial stability to find the right job for their skills, or to retrain for a new, fulfilling career path,” he said.
" Covid-19 has exposed how vulnerable employment can be, and the risk to dramatic income loss from employment to unemployment.”
“Finding a job takes time, and many workers may accept lower-paid jobs that don’t match their skillsets, because financial pressures mean they need work quickly.”
Robertson told media it was a “work in progress”, with a target if implementation in 2023.
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