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Superannuation in Australia, or "super", is a savings system for workplace pensions in retirement. It involves money earned by an employee being placed into an investment fund to be made legally available to members upon retirement. Employers make compulsory payments to these funds at a proportion of their employee's wages.
The compulsory employer contributions were branded "Superannuation Guarantee" (SG) contributions. [27] As a result of this policy, along with the gradual increases in the minimum contribution amount, Australia grew to become the fourth largest holder of pension fund assets in the world, with a balance of nearly AU$3 trillion in superannuation ...
An Act to amend the law relating to the superannuation and other benefits payable to and in respect of persons who serve or have served in the civil service of the State or in service to which the Superannuation (Various Services) Act, 1938, applies or are existing Irish officers within the meaning of the Government of Ireland Act, 1920; to ...
The Superannuation Acts 1834 to 1892 was the collective title of the following Acts: [1] The Superannuation Act 1834 (4 & 5 Will. 4. c. 24)
An Act to amend the law relating to the superannuation and other benefits payable to or in respect of teachers and certain other persons employed in connection with the provision of educational services, and for purposes connected therewith. (Repealed by Teachers' Superannuation Act 1967 (c. 12))
An Act to amend the law with respect to the superannuation benefits of persons who have served in the permanent Civil Service of the State; to provide for the amendment of section one of the Superannuation Act, 1887, and for the modification or revocation of the rules made under section six of that Act; and for purposes connected with the ...
The Superannuation Act 2010 (c. 37) is an Act of the Parliament of the United Kingdom. It caps the redundancy payouts to civil servants at 15 months' salary. Initially the proposal was for a maximum of 12 months' salary. This was raised during the passage of the Bill to 15 months in the case of voluntary redundancy.
From 1991 to 2003, Sherry was a key member of, and under Labor chaired, the Senate Select Committee on Superannuation. This committee made a number of recommendations on the performance of the superannuation industry including the key Senate breakthrough that led to the introduction of the Compulsory Superannuation Guarantee system.