Additional superannuation Clause Samples

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
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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.
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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.
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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.
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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.
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Additional superannuation. 22.1. Subject to this clause, the Council shall pay permanent employees who are entitled to superannuation an additional 1% superannuation per annum on their superable salary over the life of this agreement. Such payment shall be paid to the employee’s superannuation fund as a co-contribution on the following occasions; • Additional 1% payable upon commencement of the agreement • Additional 1% payable from 1 January 2026 • Additional 1% payable from 1 January 2027
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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.
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Related to Additional superannuation

  • Superannuation 23.1 Superannuation contributions must be paid in accordance with this clause and the Superannuation Guarantee Administration Act 1992 (Cth), which will satisfy the Employer’s obligation regarding making superannuation contributions under the NES. 23.2 Subject to applicable legislation regarding choice of fund and/or stapled funds, the Employer will make superannuation payments on behalf of each Employee into CBUS as the default fund. 23.3 The level of contributions paid on behalf of each Employee (other than an Apprentice) will be, at a minimum, $280 per week. 23.4 Pro-rata payment does not apply, except in the case of flexible working arrangements entered into pursuant to clause 14.2.. 23.5 The level of contributions paid on behalf of each Apprentice must be, at a minimum: 1st Year - 55% 2nd Year – 70% 3rd Year – 85% 4th Year – 100% Minimum contribution $154.00 $196.00 $238.00 $280.00 23.6 The above contributions may be counted by the Employer as an offset against any payments otherwise required to be made by the Employer to avoid the Employer being required to pay the superannuation guarantee charge under 23.7 All superannuation contributions will be paid at least monthly subject to the relevant governing trust deed, rules and/or legislation.

  • Superannuation fund Unless, to comply with superannuation legislation, the employer is required to make the superannuation contributions provided for in Clause 24(b) to another superannuation fund that is chosen by the employee, the employer must make the superannuation contributions provided for in Clause 24(b) and pay the amount authorised under Clauses 24(d)(i) or 24(d)(ii) to one of the following superannuation funds: (i) Health Employees Superannuation Trust of Australia (HESTA); (ii) any superannuation fund to which the employer was making superannuation contributions for the benefit of its employees before 12 September 2008, provided the superannuation fund is an eligible choice fund and is a fund that offers a MySuper product or is an exempt public sector scheme.

  • Additional Employee Benefits Sec. 2201

  • Health & Welfare Benefits Executive shall be eligible to participate in all health and welfare benefits provided generally to other employees of the Company.

  • HEALTH & WELFARE 16:1 The parties signatory hereto shall enter into a Health and Welfare Plan for which there is a Trust Agreement, known as the Line Construction Benefit Fund, for the purpose of providing insurance benefits for eligible employees and/or their dependents. Effective the first of the month following the signature date of this Agreement, the Employer shall pay to the Line Construction Benefit Fund the sum of $6.50 for each hour worked. Hours worked shall be deemed to include straight-time hours worked, overtime hours worked, and report time not worked. Remittance shall be forwarded to the place designated by the parties hereto on or before the fifteenth (15th) day of each month for each hour worked in weekly payroll periods ending during the preceding month, together with a monthly payroll report on a form to be furnished to the Employer. It is understood and intended by the parties to this Agreement that the purpose of this clause is to establish an Employer financed Health and Welfare Trust and that contributions thereto shall not be deemed to be wages to which any employee shall have any right other than the right to have such contributions paid over to the Trust fund in accordance herewith. Failure of an individual Employer to make all payments provided for, including liquidated damages for late payments, within the time specified, shall be a breach of this Agreement and will further require action by the Trustees as set forth in the Trust Agreement. Any increase in the required contributions set forth above will be paid equally (50% by the Employer and 50% by the Employee). The amount paid by the Employee will come from their NEAP contribution. 16:2 HRA: Effective the first of the month following the signature date of this Agreement, the Employer also agrees to pay into the Line Construction Benefit Fund $1.00 per hour through the term of this Agreement. HRA is calculated on all hours worked for all working classifications covered by this Agreement. These contributions shall be used to provide Health Reimbursements Accounts(s) under the Line Construction Benefit Fund Plan of Benefits.