Superannuation Contribution Sample Clauses
The Superannuation Contribution clause outlines the obligations of an employer to make regular payments into an employee’s superannuation fund as part of their remuneration package. Typically, this clause specifies the percentage of salary to be contributed, the frequency of payments, and the type of superannuation fund to be used, ensuring compliance with relevant laws or awards. Its core practical function is to ensure that employees receive the retirement benefits they are entitled to, while also clarifying the employer’s responsibilities and preventing disputes over superannuation entitlements.
Superannuation Contribution. (a) An employer shall contribute to one of the following funds – Uniting Church Employees’ Superannuation Fund, Sunsuper, Health Employees Superannuation Trust Australia (HESTA), Health Industry Plan (HIP) - on behalf of each eligible employee, such superannuation contributions as required to comply with the Superannuation Guarantee (Administration) Act 1992 as amended from time to time. It is noted that the Federal Government legislation requires employers to contribute 9% on behalf of eligible employees at the time of making this Agreement.
(b) Contributions on behalf of each eligible employee shall apply from the date of the employee’s commencement of employment with the employer notwithstanding the date the membership application was forwarded to the Fund. Such contributions will be made at least monthly.
(c) The amount of contributions to the fund shall be calculated to the nearest 10 cents, any fraction below 5 cents shall be disregarded.
(d) “Ordinary time earnings” for the purposes of clause 5.6 means the actual ordinary time rate of pay the employee receives for ordinary hours of work including shift loading, skill allowances and leading hand allowances, where applicable. The term includes any over-Agreement payment as well as casual rates received for ordinary hours of work. Ordinary time earnings shall not include overtime, disability allowances, commission, bonuses, lump sum payments made as a consequence of the termination of employment, annual leave loading, penalty rates for public holiday work, fares and travelling time allowances or any other extraneous payments of a like nature.
(e) The fund and the amount of contributions paid in accordance with clause 5.6 shall be included in pay advice notices provided by a respondent employer to each employee.
(f) Each employee shall be given equal access to all information concerning the approved occupational superannuation funds set out in clause 5.6.2(a).
(g) The employee shall choose the fund into which the employer shall make contributions on the employee’s behalf.
(h) Employers to participate in nominated fund: An employer shall make application to the fund to become a participating employer in the fund and shall become a participating employer upon acceptance by the Trustee of the fund. An employer shall provide each employee who is not a member of the fund with a membership application form upon commencement of clause 5.5 and thereafter upon commencement of employment. Each employee shall be r...
Superannuation Contribution. (a) The employer shall contribute to a complying superannuation fund nominated by the employee, such superannuation contributions as required to comply with the Superannuation Guarantee (Administration) Act 1992 as amended from time to time, but an amount of 9% on behalf of each eligible employee as a minimum: Provided that:
(i) Contributions on behalf of each eligible employee shall apply from the date of the employee's commencement of employment with the employer notwithstanding the date the membership application was forwarded to the fund. Such contributions will be made at least monthly.
(ii) The amount of contributions to the fund shall be calculated to the nearest 10 cents, any fraction below 5 cents shall be disregarded.
(iii) Ordinary time earnings" for the purposes of calculating the employer contribution means the weekly/fortnightly (as the case may be) wage earned during ordinary time in the pay period concerned. Included in such calculation where applicable shall be supervisory and/or certificate allowances. Shift allowances, weekend penalty rates, allowances for disabilities, reimbursement of expenses, annual leave loading, uniforms and the like shall not be included in the calculation of ordinary time earnings.
(b) The fund and the amount of contributions paid in accordance with clause 4.6.2 shall be included in pay advice notices provided by a respondent employer to each employee.
(c) Where the employee does not notify the employer of their superannuation fund details within the required period of time from commencement, the employer shall contribute into the nominated default fund which is Health Employees Superannuation Trust Australia on the employee’s behalf.
Superannuation Contribution. Persons who become pensionable officers of a Local Authority who are liable to pay the Class A rate of PRSI contribution will be required in respect of their superannuation to contribute to the Local Authority at the rate of 1.5% of their pensionable remuneration plus 3.5% of net pensionable remuneration (i.e. pensionable remuneration less twice the annual rate of social insurance old age contributory pension payable at the maximum rate to a person with no adult dependant or qualified children). Persons who become pensionable officers of a Local Authority who are liable to pay the Class D rate of PRSI contribution will be required in respect of their superannuation to contribute to the Local Authority at the rate of 5% of their pensionable remuneration. All persons who become pensionable officers of a Local Authority will be required in respect of the Spouses and Children’s Contributory Pension Scheme to contribute to the Local Authority at the rate of 1.5% of their pensionable remuneration in accordance with the terms of the scheme.
Superannuation Contribution. Long Service Leave taken during the period of service or period therefore on termination of duty.
Superannuation Contribution. On termination, the superannuation contribution in accordance with clause 18, Superannuation of this agreement, shall be calculated to include any outstanding long service leave entitlement.
Superannuation Contribution. (a) A primary caregiver as defined in clause 21 and 22, is entitled to superannuation guarantee contributions for the first 52 weeks of the parental leave period.
(b) The payment of 52 weeks superannuation contributions incorporates the period of 16 weeks College paid parental leave and the following 36 weeks of unpaid leave, less any Government Paid Parental Leave superannuation contributions paid during the 52-week period. Unpaid leave for this purpose includes holiday periods included in the parental leave period.
(c) The superannuation contributions calculated on the remaining unpaid leave within the 52-week period, will be paid in the first month upon returning to work from parental leave and will be calculated based on the employee’s normal base earnings prior to commencing leave.
(d) The superannuation contribution payment will be paid in accordance with the superannuation guarantee legislation requirements that apply at the time.
Superannuation Contribution. The Superannuation Guarantee Levy (9% of pre-packaged salary), or as per legislation, will be contributed to the employees nominated super fund by BHSC.
Superannuation Contribution. (a) The employer shall contribute to a complying fund nominated by the employee,
(b) 9% on behalf of each eligible employee.
(c) Should the employee not nominate a fund of their choice, Health Employees Superannuation Trust Australia (HESTA) will become their default fund. Provided that:
(i) Contributions on behalf of each eligible employee shall apply from the date of the employee's commencement of employment with the employer notwithstanding the date the membership application was forwarded to the Fund. Such contributions will be made at least monthly.
(ii) The amount of contributions to the fund shall be calculated to the nearest 10 cents, any fraction below five cents shall be disregarded.
(iii) Ordinary time earnings" for the purposes of calculating the employer contribution under this provision the definition as per the Australian Taxation Office shall apply.
Superannuation Contribution. 8.3.2(a) The Company will increase its contribution rate for superannuation benefits for employees. The Company contribution rate, where paid on behalf of each employee, will increase as follows: • Effective 28 August 2007 Increase of 0.5% (to 9.5% total). • Effective 28 August 2008 Increase of 0.5% (to 10.0% total).
Superannuation Contribution. The Employer shall continue to make concessional Superannuation contributions (capped at AUD$30,000 annually) as currently provided to the Employee through the Employer’s wholly owned Australian subsidiary (Kiora Pharmaceuticals, Pty Ltd.).