ACC's big redundancy payouts

Last updated 12:21 17/10/2012

Relevant offers

Politics

Next stage in State house sell-off to get underway in Tauranga, Invercargill Protection orders should have an expiry date - MPs Lawyers and human rights advocates fear secret courts Below the beltway: who's up and who's down in politics Prime Minister John Key faces protesters in Dunedin Alps 2 Ocean cycle trail to be completed with almost $1 million in funding Government push ahead with mixed governance for Environment Canterbury Domestic violence courts could be part of shake-up Nanaia Mahuta: Queen or casualty as Labour revamps its lineup? Mighty River Power to pay special dividend, operating profit slips to $482m

ACC paid out more than $1.3 million in redundancy to 40 staff, new figures show.

The state insurer's annual report shows 330 employees are earning more than $100,000 a year. The average salary of top earners (between $100,000 and $760,000) is $155,000.

In the past year it has paid $1,314,584 in redundancy - up from the $578,949 paid to 24 staff in 2011.

Wage increases in the report include:

  • The number of people on more than $100,000 is up 18 per cent on last year.
  • Another employee paid between $670,000-680,000.
  • Ten employees are on more than $500,00 per year - four more than last year.
  • 29 are being paid between $200,000 and $400,000 a year.

The average annual wage for New Zealanders is around $50,000.

ACC has been under fire for most of this year after a privacy breach and has been plagued by leaks, inquiries and resignations.

Former minister Nick Smith was forced to resign his portfolios and new minister Judith Collins had a clear out of the board.

New board chair Paula Rebstock used a foreword in the report to apologise to the 6700 clients whose privacy was breached.

Stewart wrote The Dominion Post revelations about the privacy scandal was a ''defining moment'' for ACC. A survey shows public confidence in the insurer fell from 58 per cent to 49 per cent.

The report also shows ACC accepted 1.7 million new claims over the year. Total claim payments were $2.6 billion - or just over $7 million per day.

It is due to be tabled at Parliament this afternoon.

* An earlier version of this story incorrectly reported chief executive Ralph Stewart was paid up to $760,000. The current 2012 remuneration of the chief executive is between $390,000-$399,999.

Ad Feedback

- The Dominion Post

Comments

Special offers
Opinion poll

Where do you stand on political coat-tail riding?

If it gets marginalised voices into Parliament, I'm for it.

I'm against it - if you don't get the votes, you shouldn't be there.

It's just part of the political game.

Vote Result

Related story: Voters reject riding on the coat-tails

Featured Promotions

Sponsored Content