Superannuation arrangements Clause Samples
The Superannuation Arrangements clause outlines the obligations of an employer to make contributions to an employee's superannuation fund in accordance with applicable laws or agreed terms. Typically, this clause specifies the rate of contribution, the timing of payments, and the type of superannuation fund to be used, ensuring that employees receive their entitled retirement benefits. Its core practical function is to ensure compliance with statutory superannuation requirements and to provide clarity and certainty for both parties regarding retirement savings contributions.
Superannuation arrangements. (1) The employer contribution rates for employees who are members of the PSSap will be 15.4% of the fortnightly contribution salary or such higher amount as may be set out in the PSSap Trust Deed.
(2) Where an employee has chosen a superannuation fund other than the PSSap the employer contribution rates and arrangements will be the same as for members of the PSSap. Transitional provisions apply to specified employees. Refer Schedule 4, Part 4.
(3) The Secretary may limit the superannuation funds to which an employee may choose to have employer superannuation contributions made to funds:
(a) that allow the Department to make a superannuation contribution for the benefit of the employee by means of an electronic funds transfer; and
(b) that accept a remittance advice in the form preferred by the Department.
Superannuation arrangements. The employee will be offered by the Library membership of a complying superannuation fund for the purposes of the Superannuation Industry (Supervision) Act 1993 (Cth). The Library will contribute, or will be deemed to contribute, to this fund or another approved fund an amount in accordance with the Commonwealth Superannuation Guarantee Administration Act 1992.
Superannuation arrangements. (1) An employee’s salary for superannuation purposes is determined in accordance with the rules of the CSS or PSS scheme, as relevant to the particular employee.
(2) However, a salary maintenance lump sum payment paid to an employee does not count as salary for superannuation purposes.
(3) Where an employee has chosen a superannuation fund other than the PSSap the employer contribution rates and arrangements will be the same as for members of the PSSap.
(4) The employer contribution rates for employees who are members of the PSSap will be 15.4% of the fortnightly contribution salary or such higher amount as may be set out in the PSSap Trust Deed.
(5) Notwithstanding subparagraph (1), where an employee has chosen a superannuation fund other than the PSSap on commencement with the department, their initial salary for superannuation purposes will be the salary they receive on commencement with the department.
(6) The Secretary may limit the superannuation funds to which an employee may choose to have employer superannuation contributions made to funds:
(a) that allow the Department to make a superannuation contribution for the benefit of the employee by means of an electronic funds transfer; and
(b) that accept a remittance advice in the form preferred by the Department. Note The Superannuation Act 1976 and the PSS Rules (which also apply to determination of salary for PSSap members, and through the application of subparagraph (3) of this clause, choice fund members) allow employees and employers to agree to an annual rate of salary or an annual rate of basic salary and recognised allowances, respectively. This clause is such an agreement.
Superannuation arrangements. 8.1.1 In addition to the rates of pay prescribed by clause 5.
1.1 all Employees shall be entitled to occupational superannuation provisions as prescribed in subsection 8.2.
8.1.2 Employees have the right to choose which superannuation fund or retirement savings account they will receive their superannuation guarantee contributions.
Superannuation arrangements. (1) The employer contribution rates for employees who are members of the Public Sector Superannuation Accumulation Plan will be 15.4% of the fortnightly contribution salary or such higher amount as may be set out in the PSSap Trust Deed.
(2) Where an employee has chosen an accumulation fund other than the Public Sector Superannuation Accumulation Plan the employer contribution rates will be the same as for members of the Public Sector Superannuation Accumulation Plan.
(3) This clause does not apply where a superannuation fund cannot accept employer contributions (e.g unable to accept contributions for people over 75).
(4) Employer contribution rates will not be the less than 9% of ordinary time earnings.
(5) The Secretary may limit the superannuation funds to which an employee may choose to have employer superannuation contributions made to funds:
(a) that allow the Department to make a superannuation contribution for the benefit of the employee by means of an electronic funds transfer; and
(b) that accept a remittance advice in the form preferred by the Department.
(6) The Secretary may impose a limitation under subclause (5) after the employee has chosen a fund if the fund ceases to satisfy the requirements mentioned in that subclause.
(7) The Department will, as soon as possible within the life of this Agreement, examine the implications of changing the basis of employer superannuation contributions from fortnightly contribution salary to ordinary time earnings in respect of members of the Public Sector Superannuation Accumulation Plan and employees who are eligible for such membership who have exercised superannuation choice.
(8) The Department will keep employees informed on the progress of this examination.
(9) If the Secretary determines that it is financially and otherwise viable to change the basis for employer superannuation contributions to 15.4% of ordinary time earnings for Public Sector Superannuation Accumulation Plan members, and employees who are eligible for such membership who have exercised superannuation choice, the Secretary will implement this change, with a date of effect decided by the Secretary. The Secretary will record the decision in writing. Division 3.5 Individual Flexibility Arrangements
(10) If the Secretary implements the change described at subclause (9), an ordinary time earnings employer superannuation contribution will continue to be paid on behalf of an employee during any period/s where the employee is on paid leave....
Superannuation arrangements. Requirement to disclose all existing interests, positions, associations, relationships and matters which might bear upon or affect the Director’s independence and any material changes to that as disclosed.
Superannuation arrangements. Probationers will be subject to the provisions of the Scottish Teachers’ Superannuation Scheme and will contribute to the scheme at the appropriate rate. Probationers will automatically be taken into the scheme unless they indicate that they do not wish to join. There is an entitlement to opt out of the scheme and to make alternative pension provision at any time, since it is not a requirement to be a member of the Scheme. If anyone wishes to opt out of the Scheme, they should ask for Form 60(T).
Superannuation arrangements. 4.5.1 Arnott’s Snackfoods will contribute the current compulsory Superannuation Guarantee Charge (SGC), as defined by the Australian government.
4.5.2 Arnott’s Snackfoods will contribute on behalf of employees the following SGC contributions: Effective 1 July 2003
4.5.3 Those employees who contribute an additional 0.5% of their weekly earnings to superannuation will have their payment “matched” by Arnott’s Snackfoods. This means that Arnott’s Snackfoods will make an additional 0.5% contribution for those employees. This matched payment is available to permanent fulltime employees and permanent part time employees.
4.5.4 Employees may elect to have their superannuation contributions made to any of the following superannuation funds:
1. Campbells Arnott’s Superannuation Plan 2. ASSET
Superannuation arrangements. 39.1. In this clause 39, unless the contrary intention appears or the content requires otherwise, the following terms have these meanings:
Superannuation arrangements. 22.1 The following arrangements apply with regard to compulsory Superannuation Guarantee Charge (SGC) Arnott’s Snackfoods contributions and additional Arnott’s Snackfoods contributions.
22.1.1 Arnott’s Snackfoods will contribute on behalf of employees the following SGC contributions: Effective 1 July 20039%
22.2 Those employees who contribute an additional 0.5% of their weekly earnings to superannuation will have their payment "matched" by Arnott’s Snackfoods. This means that Arnott’s Snackfoods will make an additional 0.5% contribution for those employees. This matched payment is available to permanent fulltime employees and permanent part time employees.
22.3 Employees may elect to have their superannuation contributions made to any of the following superannuation funds:
1. Campbells Arnott’s Superannuation Plan 2. ASSET