SSRSSState Sector Retirement Savings Scheme (New Zealand)
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Participation in employer schemes (both public and private sector) has declined over the past 15 years, although membership rose in 2005, probably reflecting, in large part, the enrolments in the State Sector Retirement Savings Scheme (SSRSS) (9) that was introduced in 2004.
(9.) The SSRSS is a voluntary, portable defined-contribution scheme (using master trusts), in which a variety of investment choices are offered by scheme providers.