Additional superannuation Sample Clauses
Additional superannuation relationship with wages
(a) Voluntary contributions under clause 3.10.5 or salary sacrifice under clause 3.10.6 are in addition to and do not offset our obligation to pay superannuation under clause 3.10.1, and must be paid to the same nominated fund as per clause 3.
(b) It will not be a breach of this Agreement if the actual wages paid to you fall below the rates set by this Agreement solely because of the payment of additional superannuation contributions under clause
Additional superannuation. Where an Employee wishes to have their pay, salary sacrificed for additional superannuation, the request must be in writing and the Employer will comply with the Employee’s request within 28 days. All entitlements and benefits contained in this Agreement will be calculated on the pre-salary sacrifice pay rate. Such sacrifice will be in addition to the Employer’s Superannuation Guarantee (Administration) Act 1992 obligations. An Employee may adjust the amount the amount the Employee has authorised their Employer to pay from the wages of the Employee providing the Employer three (3) months written notice to the Employer.
Additional superannuation. In addition to the amount required under clause 57.1(b), the Company will pay additional Company superannuation on behalf of each employee (apart from casual employees) into their nominated superannuation fund as follows: $1000 (gross) The commencement of this Agreement; $1000 (gross) 1 July 2009; $1000 (gross) 1 July 2010.
Additional superannuation. It is agreed between the parties that all employees may contribute in excess of the minimum superannuation guarantee requirements, subject to the following:
a) Arrangement for salary sacrifice is to be at the discretion of the individual employee concerned;
b) The salary for superannuation purposes will be the Agreement salary applying to the employee; and
c) Any such arrangement under this clause shall comply with current Australian Taxation Office and superannuation rules, guidelines and legislative provisions.
Additional superannuation. 21.1. Subject to this clause, the Council shall pay permanent employees who are entitled to superannuation an additional 1% superannuation on their superable salary. Such payment shall be paid to the employee’s superannuation fund as a co-contribution.
21.2. The maximum employer superannuation contribution that the Council shall be required to pay on behalf of an employee under this Agreement shall be 12 percent. For example, if the Council is required by legislation or the Award to pay 11.5% superannuation, the Council would only be required to pay an additional 0.5% superannuation under this Agreement.
21.3. This clause shall cease to apply if, and when, legislation or the Award requires the Council to pay employer superannuation contributions of 12% percent or more.
Additional superannuation. The Company agrees to provide to all permanent employees a contribution of one per-cent (1.0%) of the employee's wage or salary in relation to ordinary hours of work only, for the purpose of funding an appropriate insurance arrangement. At the employee's election, this insurance contribution rate may be directed to Death and/or Disability insurance cover, Income Continuance insurance (for example injury or illness) or as a superannuation contribution - or any combination of those options - provided that the Company's contribution rate is no more than 1.0% of the employee's annual wage or salary in relation to ordinary hours of work in any year of service. In the event that an employee's insurance arrangements under this clause exceeds the Company's contribution rate in any year of service, the employee will contribute the balance of the costs via a written salary sacrifice arrangement. The Company's contribution rate may not in any circumstances be taken as a part of an employee's salary. Unless an alternative scheme is agreed in writing between the Company and an employee, this insurance contribution must be made through the appropriate superannuation scheme. This insurance contribution scheme (but not the contribution rate) may be reviewed on an annual basis by the Company, or as required due to changes in the details of any relevant insurance policy or legislation affecting the scheme. In the event the Company decides to discontinue the scheme, the parties will discuss whether the contribution rate is to cease or be made to the employee's superannuation fund.