The Judiciary Insurance Scheme rate review
We are well aware of the challenging fiscal environment, and JANZ and Lifetime have worked together to again achieve a no underlying rate increase for the Judiciary.
This was first achieved back in 2023 and was a rare feat at the time, so to be able to achieve that again is something we are absolutely delighted to have been able to negotiate on behalf of the Judiciary.
Those in the scheme would have received correspondence from Lifetime dated 14 April 2026, explaining the age-rated review with new premiums starting 20 May 2026.
The Judiciary Superannuation Scheme
The Judiciary Superannuation (AMP NZRT) plan commenced 14 March 2016.Since then, the fund has grown to over $60m in funds under management. Those in the scheme have benefited from funds’ performance, low fees, easy administration and access to multiple fund managers. At retirement age, members have several withdrawal options depending on their requirements.
Plan outline:
Eligibility: members of the Judiciary
Retirement Age: age 65
Member Contribution: 5% of salary (minimum if not splitting between Kiwisaver and NZRT
Crown Contribution: 37.5% of salary (before Employer Superannuation Contribution tax)
Lifetime is the broker for both of these schemes and is pleased to be of service. If you want to know more about either of these schemes, please contact Michelle Blacktop, your dedicated JANZ Group and Employee Benefits Specialist